RenewableUK warns Ofgem’s grid charging proposals put vital upgrades at risk
09 July 2020
Posted by: Rob Norris
Responding to today’s announcement by Ofgem on draft RIIO-2 price controls, RenewableUK’s Head of Policy and Regulation Rebecca Williams said:
“These proposals won’t bring forward the investment that the Government says it wants to kickstart a green economic recovery. That means fewer jobs and slower progress towards net zero. So it’s a missed opportunity by Ofgem to encourage investment in grid infrastructure and it means consumers would lose out as vital grid upgrades wouldn’t happen.
“However, we welcome Ofgem’s recognition of the importance of working with network companies to achieve net zero. Its proposals to build more flexibility into price controls by using a net zero “re-opener” mechanism to accommodate new technologies such as renewable hydrogen, as well as boosting innovation funding more widely, could unlock benefits for consumers”.
For further information, please contact:
· Luke Clark, Head of External Affairs 07875 704 032 Luke.Clark@RenewableUK.com
· Robert Norris, Head of Communications 07969 229 913 Robert.Norris@RenewableUK.com
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