Keith Anderson, Chief Executive of ScottishPower, said: "By playing a pivotal role in the drive to Net Zero and making sure this delivers in a fair way for all communities, Ofgem is setting out a bold, constructive and exciting agenda for change.
"At ScottishPower, we're determined to lead on the journey to Net Zero, investing and innovating across our 100% Green generation, our networks and our retail businesses.
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"I welcome the ambition, the emphasis on innovation, and the commitment to work with industry, government, including our devolved administrations and city authorities, in a new partnership that delivers fairly for all consumers and communities across the UK.
"This could be a game-changer in how we deliver the economic, social and environmental benefits of Net Zero for everyone."
Frank Mitchell, Chief Executive of SP Energy Networks, added: "We welcome this new approach from Ofgem as we know our communities care deeply about net zero. Our sector has been fundamental to decarbonising the UK energy sector through connecting renewables. The next stage is to do the same in transport and heat to ensure net zero plans are achieved, we need action in the short term to see real progress on the ground and also ensuring the available returns on investment attract the capital needed into the UK."
(MH/CM)
