Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of the amount of profit made by distribution network operators in the last 12 months.

According to Ofgem, the energy regulator, the forecasted Return on Regulatory Equity for electricity Distribution Network Operators across the sector is 9.03%, and this ranges between 7.26% and 11.5% for individual companies. These figures are an eight year average over the current price control (2015-2023). Further information is available at: https://www.ofgem.gov.uk/system/files/docs/2017/02/riio-ed1_annual_report_2015-16.pdf