Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 49
49
Paragraph: 205
Network owners continue to be overly rewarded through current regulatory settlements.
Recommendation
Regulatory settlements for network owners must deliver value for money for consumers. Despite improvements from Ofgem in tackling excessive profits made by these companies in previous price control frameworks, we are concerned that network owners continue to be overly rewarded. Asymmetries throughout the regulatory process between network companies and other stakeholders, including consumer representatives, increase this risk. Greater visibility of network performance is needed to drive up standards and ensure networks deliver against their business plans.
Paragraph Reference:
205
Government Response
A response document is linked to this report, dated 14 July 2023. Response attribution to this conclusion has not been verified. Read the response document ↗