TIDM93RX

RNS Number : 6011B

Statnett SF

31 January 2020

Statnett SF - Regulator announces revenue cap norm equal to 100 per cent of cost base following international benchmarking

The Norwegian Energy Regulatory Authority (RME) today announced that it intends to use a cost norm equal to 100 per cent of the cost base for the purpose of calculating the revenue cap for Statnett for 2020, as it has done in previous years.

Regulated revenues for 2020 include a revenue cap based on 60 per cent cost norm and 40 per cent actual costs (cost base). A 100 per cent efficiency score compared to the norm will therefore result in a revenue cap based on 100 per cent of the company cost base.

For further information, please contact:

Statnett SF

Director of Finance Petter Erevik

Tlf: +47 952 82 840

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(END) Dow Jones Newswires

January 31, 2020 06:22 ET (11:22 GMT)

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