SSEN Distribution, part of SSE plc, has confirmed acceptance of Ofgem’s Final Determination on its business plan for the RIIO-ED2 electricity distribution price control, which will run from 1 April 2023 to 31 March 2028.
Delivery of SSEN’s RIIO-ED2 business plan will see SSEN invest £3.6bn in local network infrastructure to support acceleration of decarbonisation; improve reliability and services for customers; and build the smart, flexible network of the future. It will also make a significant contribution to the SSE Group’s fully funded Net Zero Acceleration Plan (NZAP) which will invest £7m on average every single day on the critical low-carbon infrastructure needed in the net zero transition.
This decision follows constructive consultation with Ofgem through the determination process and SSEN Distribution will continue to engage closely with the regulator to ensure the RIIO-ED2 price control has the agility and flexibility required to meet increasing net zero needs.