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1 year ago
Energy UK has raised concerns about proposals set out within Ofgem’s update on its ongoing wholesale cost review. The trade association has written to the regulator’s price cap team, warning that current proposals “reflect a fundamental departure from previous wholesale cost reviews, and, if pursued, raise serious concerns about the investability of the sector”.
Ofgem is set to release early construction funding (ECF) so National Grid can get a head start on its £298 million transmission upgrade in Yorkshire. The regulator has confirmed its minded-to position to approve National Grid Electricity Transmission’s ECF application which asks for up to 20% of the project’s total estimated cost.