Ofgem Opens Mid-Period Review into Price Controls for National Grid
May 12 2016 - 2:53AM
Dow Jones News
By Ian Walker
LONDON--U.K. gas and electricity market regulator, Ofgem, said
Thursday it plans to launch a mid-term review into 2013-2021 price
controls for National Grid PLC (NG.LN) electricity and gas
transmission.
The regulator said it will consult on proposals for any changes
to outputs and associated revenue this summer. A decision will be
made late autumn, and any changes would take effect from April 1,
2017, it said.
Ofgem set the price controls for energy transmission and gas
distribution in 2013. As part of this, provision was made for a
mid-period review of the outputs companies have to deliver for
customers if there were material changes in government policy, or
changes in the needs of consumers and network users.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
May 12, 2016 02:38 ET (06:38 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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