Scottish Renewables responds to Ofgem's RIIO-T3 Price Control Draft Determination
Ofgem has today published its Draft Determinations for the RIIO-3 price control period at a defining moment for the UK’s energy system.
The Draft Determinations follow an extensive review and consultation period on the business plans of Scotland’s two transmission operators, SSEN and SPEN, that were published last year.
The current electricity and gas transmission and gas distribution price controls (known as RIIO-2) end in March next year. The next price control (RIIO-3) will run for five years, from April 2026 to March 2031.
RIIO (Revenues = Incentives + Innovation + Outputs) is the framework Ofgem uses to ensure that the companies operating our gas and electricity networks have sufficient revenue and incentives to run and invest in networks that efficiently deliver what customers value.
Following a review of the RIIO-3 business plans submitted by the network companies in December 2024, Ofgem is now consulting on its Draft Determinations for RIIO-3.
Stephen McKellar, Head of Grid & Networks at Scottish Renewables, said:
“The UK is at a critical moment in its mission to deliver clean power. To do this, it must develop, build and maintain a reliable electricity transmission network.
“Plans to invest more than £40 billion in Scotland’s electricity network towards the end of the decade will drive economic growth and create a clean energy system fit for the future, bringing tens of thousands of new jobs and substantial benefits for local communities.
“Scottish Renewables will work closely with industry, government and Ofgem during the consultation period to support a financeable and ambitious price control settlement that unlocks the investment needed for a cleaner, more secure and affordable energy future."
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