Ofgem has today published its Sector Specific Methodology Decision (SSMD) for GB Electricity Transmission, covering the RIIO-T3 price control period from 2026 – 2031.
Nicola Connelly, CEO of SP Energy Networks, said:
“The framework published by Ofgem today is critical for providing confidence to investors, at a time when increased investment is required. It’s important that we get this right, and we’ll be looking closely at the detail of today’s decision.
“As a country, it’s clear that we need to speed up investment in electricity transmission infrastructure if we are to meet our decarbonisation targets for 2030 and beyond. More than that, investment at the unprecedented scale required can be a powerful spur for economic growth, supporting tens of thousands of jobs in our own business, across our supply chains and for the communities we serve.
“We will continue to work constructively with Ofgem and engage with our stakeholders as we develop our RIIO-T3 Business Plan ahead of submission in December 2024, before Ofgem’s final decision in late 2025.”
Read more about the development of our RIIO-T3 Business Plan
