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RenewableUK warns Ofgem’s grid charging proposals put vital upgrades at risk

09 July 2020  
Posted by: Rob Norris
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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”.

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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

Notes:

1.    RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and to access export markets all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.

          2.    RenewableUK revised events programme is available here.

 

 


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