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<p>Ofgem, as the independent energy regulator, uses the price control process to set
the amount that Network Operators can spend and the returns they can make on investment,
in a way that allows the funding needed for a more resilient, low-carbon network while
protecting consumers from excessive costs. The Government engages regularly with Ofgem,
the network companies and stakeholders, including consumer interest groups, throughout
the development of the price controls. The new electricity distribution network price
control will commence in April 2023, and Final Determinations from Ofgem were published
on 30<sup>th</sup> November.</p>
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