Prospect response to CMA provisional findings

In regard to the NERL RP3 Business plan and performance targets, Prospect has submitted a formal responseresponded to the provisional findings of the CMA.

Whilst some of the findings such as on cost-of-capital will have an enduring validity, much of the business plan is now irrelevant and we believe that the process should conclude without delay with a further process opened up to develop a revised business plan for the latter part of RP3 once the landscape in terms of draft demand etc. post Covid-19 is better understood.