Business
Ofgem's RIIO-2 Framework Consultation
Ofgem's RIIO-2 Framework Consultation.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 9419G National Grid PLC 07 March 2018 \n\n \n \n \n \n \n7 March 2018 \nNational Grid plc\n \nOfgem's RIIO-2 Framework Consultation\n \n \nOfgem today published their RIIO-2 Framework consultation document, in which they set out their proposed approach to the next gas and electricity transmission price control (RIIO-T2). \n \nWe note the wide range of options the consultation document contains and acknowledge the focus on long-term thinking for critical infrastructure, incentive outperformance opportunities for well-run companies and the continuing alignment of consumer and shareholder interests under the RIIO framework.\n \nThe RIIO-2 framework consultation document is another important step in the process leading to a new price control in April 2021. We will continue to work constructively with Ofgem over the next three years to achieve the best outcomes for all stakeholders. We will keep the market updated as the process moves forward.\n \n \n \nInvestors and Analysts\n \n\n\n\n\nWill Jackson\n\n\n+44 (0) 20 7004 3166 (d)\n\n\n+44 (0) 7584 206 578 (m) \n\n\n\n\n\n\n\n \nMedia\n \n\n\n\n\nSean Kemp\n\n\n+44 (0)7960 012356 (m)\n\n\n\n\n\n\n\n \n \n \n \nCAUTIONARY STATEMENT\nThis announcement contains certain statements that are neither reported financial results nor other historical information. These statem...