The first confirms the alignment of timing for electricity and gas transmission price controls. The second commits significant time and resources by Ofgem to reaching decisions on the potential separation and sale of regional gas distribution networks, confirmed its belief that there would be customer benefits from this process and its aim to reach decisions in April next year.
Roger Urwin, Group CEO said, "We welcome Ofgem's statements. Having integrated our gas and electric transmission operations, aligning the timing of price controls is helpful to us. In parallel, Ofgem's statement on regional gas distribution networks gives a clear timetable for our work with them on what we are confident would be a consumer benefiting initiative. Ofgem has a duty to ensure there will be customer benefits from the potential sale of any of our networks. We share Ofgem's view that such benefits would arise and the timetable for decision making is good news."
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