SSE Response to Ofgem RIIO-ED2 Draft Determination

Source: RNS
RNS Number : 6032Q
29 June 2022


Scottish and Southern Electricity Networks Distribution (SSEN Distribution), part of the SSE Group, notes today's publication of Ofgem's Draft Determination on its business plan for the RIIO-ED2 price control period. 

Ofgem's initial determination is tough and stretching, and while it represents an increase of 18% on SSEN Distribution's equivalent allowances in RIIO-ED1 and recognises the innovation proposed through additional Customer Value Propositions, work is required to ensure the final settlement fully reflects customer and stakeholder needs.

This includes further refinement to properly allow for the necessary delivery of improvements in infrastructure and the deployment of technologies required to reach net zero and build network resilience in the context of climate change.  SSEN Distribution also notes the proposed allowed cost of capital which it will continue to review against the context of prevailing market conditions.

This is the first step in the determination process and SSEN Distribution will now take time to review the full detail of the Draft Determination and constructively engage with Ofgem to ensure a progressive conclusion is reached in the interest of customers and other stakeholders at Final Determination later this year. 

SSEN Distribution's RIIO-ED2 business plan has been co-created with over 25,000 stakeholders in SSE's largest ever engagement exercise. It is underpinned by extensive and robust evidence supporting the investment to deliver a network ready for net zero, drive progressive technological change and improve network resilience, with no planned increases to network charges on consumer bills.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.