RIIO-ED2

E1026974

RIIO-ED2 is the UK energy regulator Ofgem’s second electricity distribution price control framework, setting allowed revenues and performance incentives for distribution network operators from 2023 to 2028.

All labels observed (4)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf Ofgem price control
electricity distribution price control
regulatory framework
appliesFromPriceControlPeriod fifth electricity distribution price control period in Great Britain
appliesTo DNOs in Great Britain
electricity distribution network operators
country United Kingdom
covers England
Scotland
Wales
documentation Ofgem RIIO-ED2 Final Determinations
linked to: RIIO-ED2

Ofgem RIIO-ED2 Sector Specific Methodology Decision
linked to: RIIO-ED2
durationYears 5
endDate 2028-03-31
endYear 2028
frameworkType revenue cap with incentives
fullName Revenue = Incentives + Innovation + Outputs – Electricity Distribution 2
governs DNO output commitments
DNO revenue allowances
DNO service quality incentives
includes innovation funding arrangements
output delivery incentives
performance incentives
uncertainty mechanisms
objective enable net zero transition
ensure efficient network investment
maintain network reliability
protect consumers
support decarbonisation of transport and heat
partOf RIIO framework
policyContext UK net zero greenhouse gas emissions target
growth in low-carbon technologies
predecessor RIIO-ED1
priceControlNumber 2
regulatedEntities Electricity North West Limited
Northern Powergrid
SP Energy Networks
Scottish and Southern Electricity Networks
UK Power Networks
Western Power Distribution
regulator Ofgem
regulatoryApproach output-based regulation
RIIOAcronymExpansion Revenue = Incentives + Innovation + Outputs
sector electricity distribution
sets allowed revenues
stakeholderEngagementRequirement requires DNOs to engage with stakeholders in business planning
startDate 2023-04-01
startYear 2023
successorTo RIIO-ED1 price control
linked to: RIIO-ED1
timeHorizon medium-term price control

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

RIIO price control hasPhase RIIO-2
linked to: RIIO-ED2
RIIO-ED2 documentation Ofgem RIIO-ED2 Final Determinations
linked to: RIIO-ED2
RIIO-ED2 documentation Ofgem RIIO-ED2 Sector Specific Methodology Decision
linked to: RIIO-ED2