TITLE

Ofgem's new model answer

AUTHOR(S)
Nixon, Hannah
PUB. DATE
October 2010
SOURCE
Utility Week;10/8/2010, Vol. 33 Issue 9, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on a performance regulation model called revenue equals incentives plus innovation and outputs (RIIO) introduced to replace RPI-X, where RPI is the retail price index and x is the efficiency savings targets, by the British Office of Gas and Electricity Markets (Ofgem) in 2010 to allow network energy firms to meet future challenges and the needs of consumers. Ofgem states that about 32 billion pounds will be needed to upgrade energy supply networks. It notes the effectiveness of RPI-X in the sector for two decades since privatization.
ACCESSION #
54551769

 

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