15 April 2014 Company name ESB Finance Limited Headline

15 April 2014
Company name
ESB Finance Limited
Headline
Northern Ireland Electricity (NIE) Price Control Determination
ISIN Numbers
XS0492262844, XS0827573766, XS0856023493 and XS0992646918
Electricity Supply Board (ESB) welcomes the publication today of the United Kingdom
Competition Commission’s final determination in respect of ESB’s subsidiary Northern
Ireland Electricity’s RP5 Price Controls. The Commission’s report can be found at
www.gov.uk/cma-cases/northern-ireland-electricity-price-determination .
The final determination covers NIE’s transmission and distribution price controls which will
apply for the period from 1 April 2012 to 30 September 2017.
A key aspect of the Commission’s determination is the closer alignment of the regulatory
framework and reporting arrangements in Northern Ireland to those applied by Ofgem, the
British energy regulator, to utilities in Great Britain. NIE fully supports this change, which
should facilitate future price control reviews, and looks forward to working closely with the
Utility Regulator in implementing the Commission’s decision.
ESB expects to issue a further update to investors by the end of April 2014 once the full detail
of the determination has been analysed.
For further information, please contact:
Bernardine Maloney, ESB Corporate Communications Manager
Tel: + 353 1 702 6009
E-mail: [email protected]
Deirdre Shields, Manager, Investor Relations & Credit Rating
Tel: + 353 1 702 7723
E-mail: [email protected]
Further details on ESB can be found at www.esb.ie