Ofgem faces price rebellion from power grid providers | Business


National Grid has warned the energy regulator to rethink plans to crack down on energy grid companies as the industry prepares to mount an unprecedented rebellion against Ofgem’s proposals this week.Power grid companies, including National Grid, are expected to fiercely oppose the regulator’s plans to halve the return on their energy infrastructure investments during an industry consultation that ends on Friday.

Scottish Power and SSE have also spoken out in the dispute between the regulator and the energy sector, which could lead to an investigation by the Competition and Markets Authority (CMA).


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