Energy: Prices
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made with Ofgem of the potential impact of the RIIO2 price control on network company performance.
Answered by Michael Shanks
Through the price control, Ofgem regulates network company investments and sets a fair rate of return to ensure necessary investments can be made. Ofgem utilises a framework of incentives and penalties to drive up performance and is currently considering what changes may be required for future price controls to continue to improve network company performance.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →