The Utility Regulator today publishes its Update on the Approach to the next price control for Northern Ireland’s gas distribution network operators Phoenix Natural Gas Limited, firmus energy (Distribution) Ltd and Scotia Gas Networks Northern Ireland Ltd. This price control, referred to as GD17, is due to take effect from 1 January 2017 onwards.
The price control process is necessary for us to review and set new limits on the revenue that the gas distribution network operators can recover from customers, in order to operate their businesses. The distribution costs make up 30-35% of customers final bill. The price control will also review the framework of incentives for the companies to invest and operate efficiently.
On 19 December 2014, the Utility Regulator published a discussion paper setting out our proposed approach to the GD17 price control. We received six responses to this discussion paper.
Having considered all responses and representations made to the discussion paper, the Utility Regulator now publishes its Update on the Approach to the GD17 price control as well as our response to the consultation responses.
Copies of both documents will be made available in large print, Braille, audio cassette and a variety of minority languages if required. Please contact Veronika Gallagher on 02890 316641 or veronika.gallagher@uregni.gov.uk to request this.