Ofgem has launched a consultation on the framework for the next electricity distribution price control period (ED3), starting on 1 April 2028.  This period will be crucial for transforming the energy system to achieve the government’s clean energy mission, facilitate increased electrification of demand, and integrate more renewable electricity generation. This consultation seeks views on various aspects of the framework, including its objectives, regulatory models, consumer outcomes, and specific measures to address future challenges and opportunities in the electricity distribution sector. The consultation closes on 15 January 2025.

Ofgem has launched a consultation on proposals to introduce a new cost allowance within the energy price cap to reflect costs electricity suppliers will incur under the government’s Electricity Bill Discount Scheme. The scheme, established under the Planning and Infrastructure Act 2025, will provide electricity bill discounts of up to £250 a year for up to 10 years to households living within 500 metres of new or significantly upgraded electricity transmission infrastructure. The consultation closes on 24 June 2026.

Ofgem has launched a consultation on its Future Energy Pathways (FEP) guidance, directed at the soon to be established National Energy System Operator. This draft guidance outlines instructions on the content, processes, and timeframe for producing the FEP methodology and pathways. Ofgem seeks views from the Energy System Operator or those that utilise the FEP, other stakeholders, and the general public. The consultation closes on 13 September 2024.

Ofgem has launched a consultation on the proposed financial framework for Long Duration Electricity Storage (LDES) projects under Window 1 of the cap and floor regime. This follows the opening of the first application window on 8 April 2025 and outlines approaches to setting cap and floor levels, establishing delivery incentives, and determining competitive assessment methods. The framework is supported by a comprehensive financial model and a detailed handbook for revenue calculations and bid assessments. Stakeholders are invited to submit their responses by 17 July 2025, with the final framework expected to be published in Q3 2025. The initiative is aligned with the government's Clean Power 2030 objectives.

Ofgem has launched a consultation on the principles and methodologies that will apply for the implementation and operation of the National Energy System Operator (NESO) Financial Handbook and Financial Model. Ofgem is seeking views on the financial model variable values, closeout, price indexation, return calculation, tax and defined benefit pensions methodologies. The consultation closes on 4 October 2024.

Ofgem has, in conjunction with the Department for Energy Security and Net Zero, launched a statutory consultation into National Energy System Operator (NESO) licences. Views are being sought on the Secretary of State for Energy Security and Net Zero’s proposal to grant Electricity System Operator and Gas System Planner licences, as well as to make amendments to the conditions of various other licences. This consultation will close on 9 May 2024.

Ofgem has launched a consultation on the National Energy System Operator (NESO)’s proposed commercial framework for onshore electricity transmission projects to be competitively tendered under the Early Competition regime. This consultation outlines NESO’s proposals on the commercial model and includes Ofgem’s views on these proposals.  Ofgem is seeking feedback on various proposals, including post-award security obligations on the Competitively Appointed Transmission Owner (CATO) during the preliminary works and construction stages, payments to a CATO during the preliminary works stage, and post preliminary works cost assessment, and other related aspects. The consultation closes on 2 December 2024.

Ofgem has launched a consultation on the National Gas Transmission’s (NGT) Re-opener application, under Special Condition 3.14 Asset health Re-opener of the RIIO-2 price control. The consultation seeks a direction to modify the value of the licence terms AHt, NARMAHOt and NLAHOt for asset health interventions in the St Fergus and Bacton gas terminals. The consultation closes on 25 July 2024.

Ofgem has launched a consultation on the evolution of the Offshore Transmission Owner (OFTO) regime, focusing on extending OFTO revenue streams and improving the tender process. The consultation seeks stakeholder input on three main areas: the policy framework for revenue stream extensions, the optimal licence term relevant to the technical lifespan of OFTO assets, and measures to improve the efficiency of the tender process. Ofgem aims to maintain the regime’s effectiveness as early windfarms approach the end of their initial revenue periods. The consultation closes on 28 February 2025, with Ofgem intending to publish decisions in Q2 2025.

Ofgem has launched a consultation on the proposed policy framework of the Regional Energy Strategic Plan (RESP). This consultation follows Ofgem’s November 2023 decision on the future of local energy institutions and governance and details its proposed policy design of the RESP and a series of questions for consideration. The consultation will be open for ten weeks, closing on 8 October 2024. Ofgem expects to publish its decision in winter 2024.

Ofgem has launched a consultation on proposed licence conditions to implement the RIIO-3 price control settlement for the electricity transmission, gas transmission and gas distribution sectors. The consultation seeks feedback on proposed changes to Standard Licence Conditions, Standard Special Conditions and Special Conditions, as well as amendments to the Price Control Financial Instruments. The consultation closes on 16 September 2025.

Ofgem has launched a consultation on proposed modifications to the RIIO-ED2 Price Control Financial Model (PCFM) and the RIIO-ED2 Price Control Financial Handbook (PCFH) for electricity distribution network operators. The consultation closes on 8 June 2026.