Delivering strong, sustainable regulatory and long-term contracts with good regulatory returns
Regulatory returns
Our aim is to deliver good financial returns compared to the regulatory allowances within our UK price controls and US rate plans and agreements.
We measure the performance of our UK regulated businesses through an operational return metric comparable to the vanilla return defined in the UK price controls. In the US, our performance is measured against the allowed regulatory return on equity under the terms of the relevant rate plan or agreement.
Our performance during the year is measured against each of our UK price controls and our US rate plans. Details of our results are provided in the business sections Transmission, Gas Distribution and Electricity Distribution & Generation.