RIIO-ED2
E1026974
RIIO-ED2 is the UK energy regulator Ofgem’s second electricity distribution price control framework, setting allowed revenues and performance incentives for distribution network operators from 2023 to 2028.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
Ofgem price control
ⓘ
electricity distribution price control ⓘ regulatory framework ⓘ |
| appliesFromPriceControlPeriod | fifth electricity distribution price control period in Great Britain ⓘ |
| appliesTo |
DNOs in Great Britain
ⓘ
electricity distribution network operators ⓘ |
| country | United Kingdom ⓘ |
| covers |
England
NERFINISHED
ⓘ
Scotland NERFINISHED ⓘ Wales NERFINISHED ⓘ |
| documentation |
Ofgem RIIO-ED2 Final Determinations
NERFINISHED
ⓘ
Ofgem RIIO-ED2 Sector Specific Methodology Decision NERFINISHED ⓘ |
| durationYears | 5 ⓘ |
| endDate | 2028-03-31 ⓘ |
| endYear | 2028 ⓘ |
| frameworkType | revenue cap with incentives ⓘ |
| fullName | Revenue = Incentives + Innovation + Outputs – Electricity Distribution 2 ⓘ |
| governs |
DNO output commitments
ⓘ
DNO revenue allowances ⓘ DNO service quality incentives ⓘ |
| includes |
innovation funding arrangements
ⓘ
output delivery incentives ⓘ performance incentives ⓘ uncertainty mechanisms ⓘ |
| objective |
enable net zero transition
ⓘ
ensure efficient network investment ⓘ maintain network reliability ⓘ protect consumers ⓘ support decarbonisation of transport and heat ⓘ |
| partOf | RIIO framework NERFINISHED ⓘ |
| policyContext |
UK net zero greenhouse gas emissions target
ⓘ
growth in low-carbon technologies ⓘ |
| predecessor | RIIO-ED1 NERFINISHED ⓘ |
| priceControlNumber | 2 ⓘ |
| regulatedEntities |
Electricity North West Limited
NERFINISHED
ⓘ
Northern Powergrid NERFINISHED ⓘ SP Energy Networks NERFINISHED ⓘ Scottish and Southern Electricity Networks NERFINISHED ⓘ UK Power Networks NERFINISHED ⓘ Western Power Distribution NERFINISHED ⓘ |
| regulator | Ofgem NERFINISHED ⓘ |
| regulatoryApproach | output-based regulation ⓘ |
| RIIOAcronymExpansion | Revenue = Incentives + Innovation + Outputs ⓘ |
| sector | electricity distribution ⓘ |
| sets | allowed revenues ⓘ |
| stakeholderEngagementRequirement | requires DNOs to engage with stakeholders in business planning ⓘ |
| startDate | 2023-04-01 ⓘ |
| startYear | 2023 ⓘ |
| successorTo | RIIO-ED1 price control NERFINISHED ⓘ |
| timeHorizon | medium-term price control ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.