Ofgem··ReleaseEnergy & Grid
Ofgem consults on SP Energy Networks' £63.5m restoration funding claim
Ofgem has opened a consultation on a licence modification that would let SP Distribution and SP Manweb recover up to £63.5 million in additional RIIO-ED2 funding tied to Electricity System Restoration work, including backup generators, battery upgrades and telecoms improvements. The consultation runs until 30 October 2026, with any licence change taking effect around 56 days after a decision is published.
Our readThe re-opener tests whether restoration spending that missed its own milestones still earns full cost recovery, a question other networks will be watching closely.
Read the announcement at Ofgem →
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