Business
SSENT response to RIIO-T3 Final Determination
SSEN Transmission has responded to Ofgem's RIIO-T3 Final Determination, welcoming improvements to baseline total expenditure and noting updates to proposed financial parameters and incentive regimes, though a detailed assessment is required to determine the overall investability of the package. The company acknowledges that more material will be released by Ofgem and will conduct a comprehensive review over the coming weeks, including proposed licence changes. SSEN Transmission remains committed to constructive engagement with Ofgem to secure an ambitious and financeable price control settlement to support the significant investment needed for clean power, energy security, and lower bills. Disclaimer*
About this update from Sse Plc
[{"type":"text","content":"\n\nSSEN Transmission responds to Ofgem's RIIO-T3 Final Determination\nSSEN Transmission notes the publication of Ofgem's Final Determination for the RIIO-T3 price control period, which comes at a critical time for securing clean, affordable power for families and businesses across the country.\nThe investment it delivers will help reduce reliance on imported energy from overseas, remove grid bottlenecks and strengthen energy security, as well as acting as a major catalyst for economic growth, jobs and supply chain investments across the UK to unlock the country's full potential.\nBased on an initial assessment, SSEN Transmission welcomes improvements to baseline total expenditure and notes the updates to Ofgem's proposed financial parameters and incentive regime. However, a detailed assessment is required to determine the overall investability of the package.\nWith more material to be released by Ofgem over the next few days, SSEN Transmission will review and assess the price control package in its entirety over the coming weeks, including the proposed licence changes due to be consulted upon shortly.\nSSEN Transmission remains committed to constructive engagement with Ofgem to secure an investible, financeable and ambitious price control settlement which underpins the unprecedented levels of investment required to deliver clean power, energy security and lower bills for current and future generations.\nNotes\n· The RIIO-T3 Price Control period runs from April 2026 - March 2031 and is part of Ofgem's regulatory framework aimed at ensuring energy network companies have enough revenue to invest in maintaining and improving their networks.\nSSEN Transmission's dedicated Business Plan website:\nwww.ssen-transmission.co.uk/RIIO-T3\nAbout SSEN Transmission\n· Headquartered in Perth - with offices in Aberdeen, Inverness and Glasgow - SSEN Transmission is responsible for the electricity transmission network in the north of Scotland, investing in and maintaining the high voltage 132kV, 220kV, 275kV and 400kV electricity transmission network.\n· SSEN Transmission's strategic objective is to enable the transition to a low carbon economy, helping to secure the country's clean power and energy security ambitions. It does this by building the electr...