OFGEM Fleetwood gas entry point (0784B)
31 Março 2017 - 3:00AM
UK Regulatory
TIDM82HZ
RNS Number : 0784B
OFGEM
31 March 2017
31 March 2017
Ofgem proposes to reduce National Grid's allowance for its gas
transmission price control
Ofgem has today proposed to reduce National Grid's allowance for
its 2013-2021 gas transmission price control by GBP277.5 million.
This funding relates to providing capacity for putting gas into the
national high-pressure gas pipeline at the Fleetwood entry point in
Lancashire.
National Grid Gas Transmission's (NGGT) obligation to provide
this capacity was originally triggered by a gas shipper which bid
for the capacity in an auction. However, the shipper has since
defaulted on payments and no longer has a right to the capacity. We
are proposing to reduce NGGT's allowance otherwise customers will
be charged for investment that has not been delivered.
Ofgem is also consulting on removing National Grid's obligation
to provide capacity at Fleetwood. This means that any gas shipper
that wants to buy capacity there in future would have to purchase a
minimum amount in one of the regular auctions that National Grid
runs. This means that consumers would be better protected against
the risk of paying for expensive network investment which is not
needed.
Ofgem will make a final decision on the funding allowances, and
on NGGT's capacity obligation this summer.
-ends-
Notes to editors
1. A link to Ofgem's proposals is here:
https://www.ofgem.gov.uk/publications-and-updates/review-fleetwood-entry-point-gas-transmission
2. More information on the price control is available here:
https://www.ofgem.gov.uk/network-regulation-riio-model/riio-t1-price-control
3. About Ofgem
Ofgem is the independent energy regulator for Great Britain. Its
priority is to make a positive difference for consumers by
promoting competition in the energy markets and regulating
networks.
For facts, figures and information about Ofgem's work, see
Energy facts and figures or visit the Ofgem Data Portal.
Follow us on Twitter @ofgem and LinkedIn
Further information
Out of hours: 07766 511470
Chris Lock: 0207 901 7225
This information is provided by RNS
The company news service from the London Stock Exchange
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