RIIO is our approach to ensuring the monopoly companies who run our gas and electricity networks have enough revenue to run an efficient network that delivers what customers need. RIIO stands for Revenues = Incentives + Innovation + Outputs.
We set out our Final Determinations for the Electricity System Operator (ESO)’s RIIO-2 price control in December 2020. As part of the RIIO-2 price control, the ESO has submitted a second Business Plan for its second Business Plan period (BP2). BP2 will cover the two-year period from 1 April 2023 to 31 March 2025.
This document sets out our Draft Determinations and consultation positions for the ESO’s second Business Plan. We are seeking responses to the questions posed in this document by 17 January 2023. Following consideration of responses, we will make our Final Determinations before the start of BP2.
Please send all responses by 17 January 2023 to ESOperformance@ofgem.gov.uk