2026-072 Future Price Control Frameworks
Description: This procurement is for support to help Ofgem develop its thinking on future network price control frameworks for the post-2031 period, building on the Future Systems and Network Regulation (FSNR) review rather than re-running it from first principles. The work should assess what has changed since FSNR and what those changes mean for the relative attractiveness, feasibility and risks of different future regulatory framework options. Ofgem is seeking external consultancy support to inform its Future Frameworks project, which is considering what the next generation of network price controls could look like beyond 2031. While RIIO has evolved significantly since its introduction in 2013, the energy sector is entering a period of unprecedented change driven by electrification, increasing network investment requirements, strategic system planning, changing patterns of energy demand, (read more...)
Summary: Ofgem is procuring external consultancy support for its Future Frameworks project on network price controls beyond 2031. The work will build on the Future Systems and Network Regulation review, assess changes in the energy sector and Ofgem’s regulatory capabilities, and examine the attractiveness, feasibility and risks of alternative frameworks for gas and electricity network companies. Outputs should provide independent strategic analysis and recommend options for further consideration against the RIIO model, including planning-based, adaptive and monitoring-focused approaches. The study will consider the enabling role of data, digital systems, Intelligent Oversight and artificial intelligence, and what could be tested during RIIO-3 and ED3. The intended outcomes are insight supporting affordable bills, resilient networks, service quality and Net Zero delivery. Work will be delivered across the United Kingdom.