SSE PLC

Legal Proceedings Report • Jul 30, 2014

National Storage Mechanism | Additional information

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RNS Number : 6735N

SSE PLC

30 July 2014

SSEPD Initial Response to the RIIO-ED1 Draft Determination Consultation

Scottish and Southern Energy Power Distribution (SSEPD), part of SSE plc, notes the publication of the draft determination by Ofgem on its RIIO-ED1 business plan for the period 2015 to 2023.  SSEPD is disappointed with a number of elements within the draft determination including Ofgem's proposal on efficient financing and their assumptions about the scope of further cost reductions across the industry.

Over the coming weeks SSEPD will be reviewing Ofgem's benchmarking analysis and also their assumptions on how SSEPD, one of the leading cost efficient operators in Great Britain, could operate and develop our networks to the standard customers expect with the proposed reduction in total expenditure.

Gregor Alexander, Finance Director of SSE, said:

"Our aim is to deliver a final settlement that both provides value for money for customers as well as securing the funding required to operate and develop our distribution networks for customers benefit.  Through the established price control process, we will now be responding to the draft determination as well as engaging further with Ofgem in order to secure this outcome."

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