Steve McMahon

In this engaging discussion, Steve McMahon, Director for Network Price Controls at Ofgem, shares his insights on the pivotal RIIO-3 regulatory framework impacting UK energy networks. He reveals a staggering £28 billion upfront settlement aimed at accelerating the energy transition and addresses the need for continued gas investment amidst decarbonization challenges. Steve also explores innovative tools for faster grid upgrades, the balance between consumer costs and rapid funding, and the critical role of flexibility in meeting the surging energy demands.