National Grid targets “unacceptable” decision by Ofgem | Business


It’s not often that National Grid invokes the specter of power outages. So when John Pettigrew, the boss of the company responsible for keeping the British lights on, said The temperature Last week, that Ofgem’s plans to cut spending raised the risk of blackouts, it caused a stir. “Networks are starting to throw the kitchen sink on this one,” tweeted an industry wag. “First it killed net zero, now RIIO-2 will cause blackouts and job losses. Famine and pestilence will follow. “

RIIO is the rather obscure acronym for the complex regulatory system Ofgem uses to determine how much monopoly power grid companies can charge consumers for operating UK power lines and gas lines. Network charges are around £ 250 on a typical household


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