Utility Regulator publishes Competition Commission final determination

15 April 2014

The Utility Regulator today publishes the Competition Commission’s final determination on the NIE Transmission and Distribution (T and D) price control.

Commenting on the Competition Commission’s final determination, Utility Regulator Chief Executive, Jenny Pyper said:

“We welcome the publication of the Competition Commission’s final determination.

“This final determination will deliver over £1 billion of investment by NIE at no additional cost to consumers.

“It also underlines the importance of our rigorous scrutiny of the NIE T and D price control and provides certainty and clarity regarding the regulation of NIE T and D going forward.  It also gives us, as the economic regulator, additional regulatory tools which are consistent with those available to other regulators across the UK.”

“We have already started constructive engagement and dialogue with NIE on the implementation of the Competition Commission’s final determination.”

ENDS

Notes
• Competition Commission’s final determination and accompanying appendices are published today.
• The CMA is an independent public body, which carries out investigations into mergers, markets and the regulated industries and enforces consumer and competition law. On 1 April, the CC joined with the competition and certain consumer functions of the Office of Fair Trading (OFT) to form the new Competition and Markets Authority.
• The CMA full determination and all other information relating to the determination can be found here. - https://www.gov.uk/cma-cases/northern-ireland-electricity-price-determination