RIIO stands for Revenue = Incentives + Innovation + Outputs. This price control, RIIO-ED1, began on 1 April 2015 and runs for eight years to 2023.
This summary report reviews the activities of the electricity Distribution Network Operators (DNOs) in the fourth year of RIIO-ED1. It provides an overview of each DNO’s performance against their agreed outputs and incentives, their innovative activities, and their overall financial performance. It also provides forecasts for the remainder of the price control.
The report reviews DNOs’ costs incurred in making progress against their outputs, comparing this with their allowed revenues. It also provides an impact on customer bills.