Response to Ofgem’s consultation on the Electricity Transmission, Gas Transmission and Gas Distribution Business Plans for RIIO-3
Ofgem’s RIIO-3 price controls for gas networks and electricity transmission are due to commence in April 2026, and these network companies submitted their Business Plans to Ofgem in December 2024. Ofgem has invited stakeholders to submit evidence about these plans for them to consider before draft and final decisions are made later in 2025. In this response, we have examined whether the RIIO-3 regulatory regime and company Business Plans are offering value for consumers and we also make recommendations for Ofgem to consider in their assessment of company Business Plans prior to the draft and final determinations for RIIO-3.