To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the amount of profit made by private electricity companies compared to investment in electricity infrastructure in each of the last 10 years.
14 January 2022
Electricity network operators are private companies which build, own, and operate electricity network infrastructure. As regional monopolies, they are regulated by the independent energy regulator, Ofgem. The total value of the electricity transmission price control between 2013 and 2021 was over £15bn, while the forecast total value of the electricity distribution price control between 2015 and 2023 is over £29bn.