There is now one week left to respond to our Draft Determination consultation for the RP7 price control for NIE Networks. The consultation closes at 12 noon on Friday 22 March 2024.
NIE Networks is responsible for building and maintaining electricity transmission and distribution networks, which allows consumers to access a secure supply of electricity. As a natural monopoly, NIE Networks is subject to economic regulation which provides protection for all electricity consumers in terms of quality and cost.
The amount of revenue which NIE Networks collects via supplier tariffs is determined by the Utility Regulator through periodic price control reviews, following scrutiny and challenge of the company’s business plans.
RP7 is our seventh regulatory price control for NIE Networks, which will run from April 2025 to March 2031.
Peter Russell, Executive Director of Price Controls, Networks and Energy Futures explains further:
“Stakeholder engagement plays an important part in our price control process. We encourage you to become part of this process to ensure we are provided with a range of responses that will help us deliver the most robust and informed decisions when we finalise the price control. Your view will help shape a fair and just transition to net zero for all electricity consumers.
“RP7 is creating the foundation for Northern Ireland’s journey towards net zero and will facilitate a more efficient use of the electricity system.
“Our decisions within this draft determination will ensure NIE Networks is fully able to support the energy transition in Northern Ireland. Whilst this additional investment will increase the network cost for electricity consumers, we will ensure that the transition is affordable, fair and inclusive for all.”
Further information on responding is available within our consultation section, where the full list of annexes are also available.
We have also published a number of other documents to provide a non-technical summary and quick overview of our draft decisions: