Ofgem is currently consulting on multiple issues: RIIO2, network charging, post-supplier hub model, settlement and metering – and the sum of the decisions made about these consultations will form the basis of regulation for the next 10 years or so. It is therefore important to get these consultations ‘right’ – and from my perspective ‘right ‘ equals putting in place an energy system which removes barriers to delivering, whilst positively encouraging, the move to a smart and flexible energy system which is affordable, secure and sustainable. And by sustainable I mean that they together deliver a decarbonised electricity system by 2030, as is required by the Committee on Climate Change (CCC) carbon budgets. When viewed in this way, RIIO and the other consultations have a number of make or break decisions to make.
IGov 14th June 2018 read more »