- Publication date
- 30th July 2014
- Closing date
- 26th September 2014
- Policy area
This document explains our proposed settlements (draft determinations) for the next network price control (RIIO-ED1) which will come into effect in April 2015 and run for eight years until 2023.
The proposed settlements apply to five of the six electricity distribution companies that run Britain’s local electricity network, which transports energy into homes and businesses.
In February 2014 we finalised (‘settled’) the price control of one company early, Western Power Distribution, after we judged its business plan for the eight year period showed sufficient value for consumers. The potential for early settlement is known as ‘fast-tracking’. The remaining slow-track companies submitted revised business plans in March. The draft determinations in this document are based on our analysis of these plans.
We welcome stakeholders’ views on these draft determinations. We will publish our final determinations in November 2014, accounting for the responses received to our consultation.