Energy Licence Modification Appeals 2021

RNS Announcement

RNS Number : 2172U

Competition and Markets Authority

01 April 2021

The Competition and Markets Authority has granted permission to appeal to 9 energy companies against modifications made on 3 February 2021 to the electricity and gas transmission, and gas distribution, licences. The modifications were made by GEMA, Ofgem's governing body, following Ofgem's RIIO-2 price control decisions of 8 December 2020.

The CMA has granted permission to appeal on all grounds pleaded by the following appellants:

Cadent Gas Limited

National Grid Electricity Transmission plc

National Grid Gas plc

Northern Gas Networks Limited

Southern Gas Networks plc and Scotland Gas Networks plc (joint application)

Scottish Hydro Electric Transmission plc

SP Transmission plc

Wales & West Utilities Limited.

Permission is granted subject to the conditions that the following common grounds of appeal are joined across appellants which pleaded the ground:

Cost of equity

Outperformance wedge

Ongoing efficiency

Licence modification process

In addition, the appeals from National Grid Electricity Transmission plc and National Grid Gas plc will be joined, as requested.

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RNS metadata

Title: Energy Licence Modification Appeals 2021
Time: 07:00:08
Date: 1 Apr 2021
Category: Miscellaneous
ID: 2172U