REG - OFGEM - Ofgem disallows £14.926m costs for Smart DCC Ltd

CapitaAnnouncement

28/02/2024 08:15

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RNS Number : 6856E  OFGEM  28 February 2024

In November 2023 and January 2024, Ofgem consulted on the proposals for the
Data Communications Company (DCC) Price Control submission for the Regulatory
Year 2022/23 (RY22/23). Today (Wednesday 28 February 2024), Ofgem is
publishing its final decision in regard to both consultations. DCC, or Smart
DCC Limited, is the central communications body appointed to manage
communications and data transfer for smart metering and holds the Smart Meter
Communication Licence.

 

Price Control arrangements restrict DCC's revenues to ensure that costs
incurred are economic and efficient. Ofgem proposes to disallow incurred costs
of £14.926m for Regulatory Year 2022/23, and £229.341m forecast costs over
the next three years.

 

More information can be found at
https://www.ofgem.gov.uk/publications/dcc-price-control-decision-regulatory-year-2022-2023
(https://www.ofgem.gov.uk/publications/dcc-price-control-decision-regulatory-year-2022-2023)

 

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