Energy Supply: Capital Investment and Job Creation

(asked on 4th November 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he plans to take to ensure that Ofgem's Final Determination for investment under RIIO-2 will (a) promote investment and (b) create jobs in the energy transmission sector in the years 2021-26.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 12th November 2020

Network regulation is a matter for Ofgem as the independent regulator.

Ofgem’s Draft Determinations published in July for consultation included upfront allowances of over £7.5bn for the electricity and gas transmission sectors alongside a further £10bn available across all sectors for net zero investment through the price control period of 2021-26. Ofgem are due to publish their Final Determinations for the transmission sectors in December.

Reticulating Splines