SSE PLC Statement re CMA Final Determinations (4990Q)
28 Octubre 2021 - 1:03AM
UK Regulatory
TIDMSSE
RNS Number : 4990Q
SSE PLC
28 October 2021
SSE plc
CMA Final Determinations
28 October 2021
The CMA has today published a summary of its final
determinations into SSEN Transmission's appeal against certain
elements of Ofgem's RIIO-T2 price control settlement. The full
final determinations and associated documents are expected to be
provided to appellants and interveners later this week and then
published by the CMA shortly thereafter.
SSEN Transmission welcomes that the CMA has upheld its appeals
against the assumed 'Outperformance Wedge', and for changes to the
Licence Modification Process.
However, SSEN Transmission is disappointed that the CMA has not
upheld its appeals on the flawed Cost of Equity, or on changes to
how Transmission Network Use of System Charges are recovered and
the associated risk of under recovery this presents.
SSEN Transmission will continue to assess the full details of
the CMA's final determinations as they become available and remains
committed to work constructively with Ofgem and wider stakeholders
as it continues to take forward ambitious plans to deliver a
network for net zero.
ENQUIRIES:
Investors and Analysts ir@sse.com +44(0)345 0760 530
Media media@sse.com +44(0)345 0760 530
NOTES TO EDITORS:
SSEN Transmission, operating under licence held by Scottish
Hydro Electric (SHE) Transmission plc, owns, operates and develops
the high voltage electricity transmission system in the north of
Scotland and remote islands.
SSEN Transmission is a wholly owned subsidiary of SSE plc.
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