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The draft determination has sparked the ire of the UK energy market after allowed returns were set between 3.9% and 4.2%.
he new CEFC-administered Grid Reliability Fund follows an academic report that found the federal government should facilitate investment in transmission infrastructure to ensure emissions continue to fall.
High voltage electricity pole
The new regime is slightly more lenient than earlier proposals, although the regulator says consumers would save £6bn over the five-year regulatory period.
National Grid insists that UK electricity and distribution risks are not matched by returns, contrary to Ofgem’s beliefs.
The firm’s BIP vehicle exited its 27.8 percent stake in Transelec, offloading the holding to China Southern Power Grid International.

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