Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if the Department will make an assessment of the potential merits of a review of what remedial assistance may be given to support energy suppliers in maintaining the National Grid in areas where costs of upkeep are higher.
Electricity network operators are private companies which build, own, and operate electricity network infrastructure. As regional monopolies, they are regulated by the
independent energy regulator, Ofgem. Ofgem uses the price control framework to set the level of investment in infrastructure for each network company and their allowable rate of return. The costs incurred in the maintenance, reinforcement, and new build of
Electricity network infrastructure are recovered mainly through electricity consumers’ bills. The price control and charging arrangements are matters for Ofgem.