Source · Select Committees · Environmental Audit Committee
Recommendation 23
23
Paragraph: 97
Ofgem's current electricity network regulation model unresponsive to rapid energy system flux.
Conclusion
We consider that the current model of Ofgem electricity network regulation, based around lengthy multi-year business plans, risks not being responsive enough to an energy system which is in rapid flux. The present regulatory model locks in market controls over many years: in the current climate, this risks slowing down innovation and restricting network development.
Paragraph Reference:
97
Government Response
A response document is linked to this report, dated 31 December 2024. Response attribution to this conclusion has not been verified. Read the response document ↗