Ofgem has adopted a price control regulatory framework with a balanced objective of enhancing and developing future electricity networks, controlling costs to customers and allowing DNOs, such as WPD's DNOs, to earn a fair return on their investments. This regulatory structure is focused on outputs and performance in contrast to traditional U.S. utility ratemaking that operates under a cost recovery model. Price controls are established based on long-term business plans developed by each DNO with substantial input from its stakeholders. To measure the outputs and performance, each DNO business plan includes incentive targets that allow for increases and/or reductions in revenues based on operational performance, which are intended to align returns with quality of service, innovation and customer satisfaction.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
16 Feb 24
10-K
2021 FY
Annual report
16 Feb 24
8-K
Other Events
8 Dec 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
6 Dec 23
8-K
Regulation FD Disclosure
7 Nov 23
10-Q
2022 Q3
Quarterly report
2 Nov 23
10-Q
2022 Q3
Quarterly report
4 Aug 23
10-Q
2022 Q3
Quarterly report
4 May 23
8-K
PPL reaffirms earnings forecast and growth projections following enactment of Kentucky Senate Bill 4
27 Mar 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
20 Mar 23
Transcripts
Financial summary
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