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National Grid tentatively positive on Ofgem price control proposals
National Grid was relatively coy on its initial thoughts with regard to the latest gas and electricity transmission price control proposal on Wednesday.
The FTSE 100 company, which operates the UK's national electricity transmission network, issued its response after Ofgem published its RIIO-2 Framework consultation document, in which it set out its proposed approach to the next gas and electricity transmission price control, RIIO-T2.
"We note the wide range of options the consultation document contains and acknowledge the focus on long-term thinking for critical infrastructure, incentive outperformance opportunities for well-run companies and the continuing alignment of consumer and shareholder interests under the RIIO framework," National Grid said in its short statement.
"The RIIO-2 framework consultation document is another important step in the process leading to a new price control in April 2021.
"We will continue to work constructively with Ofgem over the next three years to achieve the best outcomes for all stakeholders."