Evaluation of Ofgem Draft Determinations – Distribution Network Operators

Today, Ofgem published its Draft Determinations for the Distribution Network Operators (DNOs).  Whilst the WACC is up slightly from Ofgem’s view in its Sector Specific Methodology, companies face a large totex gap and limited upside potential.  Unless this changes in the FDs, we consider it likely that Ofgem will once again be facing multiple companies in the CMA.  Read our initial review here.


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