National Grid to be stripped of £277.5m by Ofgem

02 April 2017, Sweetcrude, London — Ofgem plans to claw back £277.5 million from National Grid Gas Transmission’s (NGGT’s) RIIO-GT1 allowance. The proposal comes as part of mid-point review within NGGT’s eight-year price control. In a statement, Ofgem said the reduction should be made because NGGT no longer needs to provide capacity for importing gas […] More »