Postponement of transmission

RNS Number : 4731E

National Grid PLC

21 December 2009

 



21 December 2009

National Grid plc

Postponement of transmission price control review

National Grid notes Ofgem's decision to postpone for a year the next transmission price control review (TPCR5), due to be implemented from 1 April 2012, and roll over the current regime for the intervening period.

We are disappointed at the decision. While we support Ofgem's RPI-X@20 project to review the way the energy industry is regulated, it is important to settle the long term transmission investment regime as soon as possible since it is key to connecting up new low carbon generation and maintaining security of supply. However, we remain committed to work with Ofgem on both the roll over of the current regime and on TPCR5 to ensure there are strong incentives on the transmission companies to make the right investments in an economic and efficient manner.

CONTACTS

Investors

David Rees            [phone]       [phone] (m)

George Laskaris     [phone]             [phone] (m)

Victoria Davies       [phone]       [phone] (m)

Iwan Hughes           [phone]      [phone] (m)

Media

Clive Hawkins         [phone]       [phone] (m)

Stewart Larque       [phone]        [phone] (m)

Chris Mostyn           [phone]             [phone] (m)

 

END

 

 

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