Ofgem allows National Grid to recover cost from customers for pipeline
National Grid had been seeking permission to recover around GBP140 million from consumers for replacing a gas pipeline in the Humber estuary, and Ofgem had told the FTSE 100-listed firm to show why this would help consumers.
Since receiving new information, Ofgem has decided to allow National Grid to recover GBP111 million from consumers.
However, it has rejected a request from National Grid to recover GBP123 million from consumers for work maintaining gas compressors. Ofgem has allowed just GBP500,000 to be recovered.
Also, Ofgem said National Grid, alongside Wales & West Utilities and Cadent Gas Ltd, can recover GBP96 million combined for work to improve street works, cyber security, and for compensating landowners. ■