Scottish and Southern Electricity Networks has described Ofgem’s draft determinations for the RIIO ED2 price controls as “tough and stretching” after seeing the largest proportional decrease in its total expenditure (totex) allowances. In its business plan, the distribution network operator requested around £4,232 million of totex allowances for the five-year price controls beginning in April 2023, which the regulator reduced by around £946 million – or 22.4% - to £3,286 million.
Draft RIIO ED2 determinations are ‘tough and stretching’
