Economy

Power distribution operators' allowances cut by £200m

Power distribution operators' allowances cut by £200m”

Ofgem has taken £200 million from some distribution network operator (DNO) allowances following a new review of price controls. They submit plans to Ofgem detailing what they need to do over several years, to maintain and reinforce networks and Ofgem determines how much they can spend dong so.

Ofgem has now reviewed the previous period (2010 to 2015) and chose to take back £200m from DNOs, which it said will mean lower bills during the current price spending period.

See the decision letter here.

Ofgem said the GBP200 million cuts will result in lower network charges on energy bills during the current electricity distribution price control scheme for 2015-2023.

The network companies - which include UK Power Networks, SSE, Scottish Power and Western Power Distribution - spent less than planned between 2010 and 2015, giving Ofgem the grounds to cut their allowed revenues from customer bills to help ease the upward pressure on energy tariffs.

Ofgem also found that both WPD and UKPN cancelled various major investment projects and spent less than expected on others after identifying better ways to complete the works.

That led to Ofgem to reduce allowances by a total of £130 million across WPD's East Midlands network and two of UKPN's networks.



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