Following a thorough review of Ofgem's Final Determinations for the RIIO-T3 Price Control period, SSEN Transmission confirms its acceptance of the settlement, recognising it as an investable and deliverable settlement overall.
The RIIO-T3 price control comes at a critical time for securing clean, affordable and reliable power for families and businesses across the country. The investment it delivers will help reduce reliance on imported energy from overseas, remove grid bottlenecks and strengthen energy security. It will also act as a major catalyst for economic growth, jobs and supply chain investments across the UK to unlock the country's full clean energy potential.
SSEN Transmission has already demonstrated its commitment to delivering the critical transmission infrastructure upgrades required to help deliver the country's energy and economic ambitions. These investments are largely represented by 11 major transmission reinforcements, which SSEN Transmission continues to progress having already secured 75% of major planning consents, with six of these schemes fully consented and five already in the construction phase. Securing the remaining consents will be a focus for the business for the remainder of this calendar year.
SSEN Transmission continues to work constructively with Ofgem, Government and wider stakeholders as it delivers the investments in new and upgraded infrastructure that are required to help deliver clean power, energy security and lower bills for current and future generations.
Source: SSEN Transmission
