SSEN Transmission responds to Ofgem’s RIIO-T3 Final Determination.

SSEN Transmission notes the publication of Ofgem’s Final Determination for the RIIO-T3 price control period, which comes at a critical time for securing clean, affordable power for families and businesses across the country.

The investment it delivers will help reduce reliance on imported energy from overseas, remove grid bottlenecks and strengthen energy security, as well as acting as a major catalyst for economic growth, jobs and supply chain investments across the UK to unlock the country’s full potential.

Based on an initial assessment, SSEN Transmission welcomes improvements to baseline total expenditure and notes the updates to Ofgem’s proposed financial parameters and incentive regime. However, a detailed assessment is required to determine the overall investability of the package.

With more material to be released by Ofgem over the next few days, SSEN Transmission will review and assess the price control package in its entirety over the coming weeks, including the proposed licence changes due to be consulted upon shortly.

SSEN Transmission remains committed to constructive engagement with Ofgem to secure an investible, financeable and ambitious price control settlement which underpins the unprecedented levels of investment required to deliver clean power, energy security and lower bills for current and future generations.