Submission to Ofgem on electricity networks' RIIO-ED1 business plans
Consultation response extract
Electricity network companies (also known as Distribuution and Network Organsitions) are local monopolies who have to agree their work and charges with the regulator Ofgem.
This is done through a price regulation mechanism called RIIO-ED1 - Revenue = Incentives + Innovation + Outputs for Electricity Distibution. This is Citizens Advice's submission.