UK CMA Grants Approval for OFGEM Price Control Appeals
March 30 2015 - 5:02AM
Dow Jones News
LONDON--The U.K. Competition and Markets Authority said Monday
it has granted permission to Northern Powergrid (Northeast) Ltd.,
and Northern Powergrid (Yorkshire) PLC; and British Gas Trading
Ltd., to appeal against Ofgem's RIIO-ED1 price control decision for
electricity distribution companies.
The CMA announced it had received the appeals earlier this month
and said it will now appoint a group of panel members to determine
them.
The appeals relate to price controls made for the eight-year
period from April 1 2015 to March 31, 2023. The details of the
price controls were announced in November 2014.
The appeals are separate from the CMA's ongoing investigation
into the retail energy market.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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