Decision on strategy for the next transmission price control - RIIO-T1 Tools for cost assessment Overview: This is the first transmission price control to reflect the new RIIO (Revenue = Incentives + Innovation + Outputs) model. RIIO is designed to drive real benefits for consumers; providing network companies with strong incentives to step up and meet the challenges of delivering a low carbon, sustainable energy sector at a lower cost than would have been the case under our previous approach. RIIO puts sustainability alongside consumers at the heart of what network companies do. It also provides a transparent and predictable framework, with appropriate rewards to promote timely investment in the networks. Link
RIIO - a new way to regulate energy networks
RIIO - a new way to regulate energy networks Britain needs rewiring in a smarter way to ensure secure and sustainable energy supplies for consumers. Ofgem has introduced a new performance based model “RIIO” to set price controls to ensure consumers pay a fair price for this vital investment. Link
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