National Grid upbeat after agreeing to Ofgem's price controls

Utilities group National Grid said on Thursday that it has agreed all of the UK RIIO price-control arrangements proposed by gas and electricity regulator Ofgem, which it hopes will deliver further shareholder value.

Utilities group National Grid said on Thursday that it has agreed all of the UK RIIO price-control arrangements proposed by gas and electricity regulator Ofgem, which it hopes will deliver further shareholder value.

The RIIO model, which stands for Revenue = Incentives+Innovation+Outputs, was designed to promote smart gas and electricity networks for a low-carbon future.

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