The new model for regulating network companies’ outputs and allowed revenue – RIIO (Revenue = Incentives + Innovation + Outputs) – is fixed for eight years until 2021. It was designed to give network companies the security to make long-term investment to benefit consumers and improve service. But a one-off window of opportunity is fast approaching to review certain elements of the price control in the form of a mid-point review (MPR).
A mid-point review: the arguments for and against
