Question

To ask the Secretary of State for Energy and Climate Change, what review he has undertaken of the fitness for purpose of the business model for the transmission of electricity.

The business model for electricity transmission companies is a matter for the independent regulator, Ofgem, and the network companies. Ofgem has developed a new regulatory framework, RIIO (Revenue=Incentives+Innovation+Outputs), which commenced for electricity transmission on 1 April 2013.