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Ofgem baulks at DNO’s EV & HS2 funding requests

Electricity

16 August 2019
 

Electricity regulator Ofgem looks likely to reject applications to raise electricity costs to fund investment for electric vehicles and HS2.

The regulator is consulting on requests from distribution network operators (DNOs) to raise funds for works that were not foreseen when the regulatory framework for 2015-2023 was set. 

SP Energy Networks (SPEN) wants approval for £42m to help ensure its Scottish Power distribution area can support the Scottish Government’s pledge to phase...

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