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 introduced RIIO-1 for the gas distribution and gas and electricity transmission price controls in 2013. These are due to finish in 2021. Following our consultation and decision announcement on the RIIO-2 Framework in July 2018, and the publication of our sector-specific methodology in May 2019 we are now consulting on the draft determinations for the next price control (RIIO-2).
Please send all responses by 4 September 2020 to RIIO2@ofgem.gov.uk.
Register for our webinars
We are holding a series of webinars to enable stakeholders to better understand our draft determinations. If you would like to join more than one webinar, please register for each one separately.
- Sector-specific price control: Transmission, 04/08/2020, 16:00-17:00 – Register here for the Transmission webinar
- Net Zero, 10/08/2020, 15:30-17:00, To include short overview presentations covering Electricity System Operator, Gas Distribution and Transmission. This webinar will also include an overview presentation for the Electricity Distribution Sector-Specific Methodology Consultation, due to be published in late July – Register here for the Net Zero webinar
- Finance, 12/08/2020, 16:00-17:00, To include short overview presentations covering Electricity System Operator, Gas Distribution, Transmission and Regulatory Finance – Register here for the Finance webinar
- Sector-specific price control: Gas Distribution, 14/08/2020, 15:00-16:00 – Register here for the Gas Distribution webinar