The chair of Ofgem’s RIIO2 challenge group has reaffirmed its view that there is no case for raising the cost of capital beyond the levels currently proposed by the regulator for the next set of network price controls. Roger Whitcomb said the coronavirus pandemic has made the stable returns of regulated utilities more attractive to investors, meaning “if there is argument at all, it will be for a reduction”.
Witcomb: No case for higher network returns
