The transmission price control sets maximum amount of revenue, which the four energy transmission companies such as National Grid Electricity Transmission, National Grid Gas, SP Transmission, and Scottish Hydro-Electric Transmission can earn from charges to customers using the the high-voltage electricity networks and the national high-pressure gas main (the National Transmission System).
Ofgem said that the extension of the current price control will ensure the conclusions of its RPI-X@20 project and other relevant developments in the transmission sector are reflected in the next control.
Ofgem will implement a one year adapted roll-over of the current transmission price control (TPCR4) for the period from April 1, 2012 to March 31, 2013. A full decision document setting out the reasons for the extension of the price control and the way forward is expected to be published in January 2010.
The RPI-X@20 review considers whether the existing regulatory frameworks for electricity and gas transmission and distribution networks are fit for purpose in terms of meeting the challenges that the energy sector faces, and in particular meeting the needs of existing and future consumers.
