EP.269 – Ofgem’s Steve McMahon on Grid Investment, Faster Delivery and Net-Zero Needs
Description
This week on Energy Unplugged, we’re delighted to welcome Steve McMahon, Ofgem’s Director for Network Price Controls. He joins Dan Monzani, Aurora’s Managing Director for the UK & Ireland, to unpack Ofgem’s final determinations for RIIO-3 and what the next regulatory period means for networks, consumers and investors. The discussion explores the scale of required electricity and gas network investment, how strategic planning and new procurement approaches aim to accelerate delivery, and the challenges posed by surging demand, connection queues and rising system constraints.
Steve leads Ofgem’s regulation of the onshore electricity and gas networks, overseeing the current price controls and the development of the RIIO-3 settlements, as well as serving as Ofgem’s Head of Scotland. He brings deep experience from senior roles across UK and Scottish Government, including in transport infrastructure and economic analysis.
You will learn about:
- Why RIIO-3 marks a major step-change in network investment and planning.
- How Ofgem is balancing delivery speed, investment viability, and consumer protection.
- The tools designed to accelerate grid upgrades - from early-stage funding to advanced procurement.
- The growing cost of system constraints and why timely investment is essential.
United States
