Energy consumers could face bill hikes of up to £43 a year to fund the future decommissioning of the gas network. The scenario is mooted in a consultation on Ofgem’s methodology for the RIIO3 price control for gas and electricity transmission networks, which also suggests embedding the notion of "investability" in the business plan process. Steve McMahon, Ofgem’s interim director for network price controls, used the consultation to issue a public plea to government for clarity on the future of the gas grid, stressing that “time is of the essence as the status quo is not sustainable”.
Ofgem warning on future cost of gas network shutdown
