National grid riio-t1 business plan

The model sets out the agreed spend allowances for all eight years of RIIO, now with actual data up to March Looking at the ED1 results was interesting as there was a noticeable variation between the performance of the different DNOs.

National grid riio-t1 business plan

The year to March is the second year of that commitment. If we need to change our budget, we need approval from our Audit Committee Ofgem conducts a considerable number of consultations prior to action, so that regulated businesses, consumer groups and others can input to our thinking and help shape our proposals.

We published our revised consultation policy at the end of While welcoming our commitment to consultation, some stakeholders — particularly smaller suppliers and consumer groups — have said that the volume of consultations can at times put pressure on very limited resources.

This is said to be particularly significant when several important consultations are published close together.

RIIO-T1 and GD1 Financial issues - Ofgem | initiativeblog.com

Inthe cost control regime saw our budget cap reduced. The next financial year will see an increase in the RPI cap because of the costs involved in two major new pieces of work: This will start in Autumn Looking across the whole range of E-Serve activity in the round, the aim is to identify and make recommendations for improvement in relation to our delivery of effective end to end processes, our management of risks, the way we learn lessons and identify synergies and other opportunities for efficiencies.

Ofgem has the power to obtain information from regulated energy businesses by making Information Requests. Gathering information can help us focus our work, so fulfilling a useful better regulation function.

A similar power is also held by Consumer Focus.

national grid riio-t1 business plan

We recognise that it is important that there is no duplication, either between Ofgem and Consumer Focus requests or between different Ofgem requests.

We are also aware that complying with requests can on occasion create additional work for companies. The project seeks ways of improving value for money in our administrative processes and efficiencies in our systems, to build on our delivery excellence to our stakeholders such as consumers, suppliers and licensees.

We are currently undertaking a review of our processes and expect to draw up an action plan for improvement in the autumn. Later this year we will commence a review of our Information Request processes, looking for example at how they are logged and sign-off arrangements.

The objectives will be to ensure that we avoid duplication and we make the most efficient use possible of the information. We have also proposed to government that a Memorandum of Understanding be established between Ofgem and the Regulated Industries Unit which will replace Consumer Focus next yearto include arrangements relating to Information Requests.

Ofgem Simplification Plan Page 6 Revision of Impact Assessment guidance Ofgem has a duty to undertake and publish Impact Assessments IAs where the matter is important — essentially defined as involving a major change or having a significant impact on regulated businesses or consumers — but not so urgent that this would be impractical.

IAs are a vital part of the policy-making process and provide a valuable framework for assessing the impact of important policy proposals. We have sought to take a rigorous approach to IAs in line with best practice, while ensuring that our decisions are consistent with our wider statutory duties and, inwe carried out a review of our approach and published revised guidance.

However, in the intervening period the UK government has made some significant changes to its own IA guidance. We will therefore review and if necessary update our guidance on Impact Assessments over the coming 12 months.

Industry-facing regulation RIIO The over-riding objective of the new RIIO model is to encourage energy network companies to play a full role in the delivery of a sustainable energy sector, and to do so in a way that delivers value for money for existing and future consumers.

It does this by rewarding those companies that demonstrably deliver the network services that consumers value and the networks needed to drive the transition to a low carbon energy sector. RIIO reduces the regulatory burden by: We published final proposals for those companies in April We intend to publish Final Proposals for those companies in December By way of example, Figure 2 outlines the business plan submissions and the final allowances for National Grid Electricity Transmission (NGET) up to the start of RIIO-T1.

Figure 2 NGET final allowances and business plan submissions. development and National Grid continues to consider the commercial environment surrounding this element of the project.

As this work is still in relative infancy it is . Legal Separation Business Lead at National Grid. Location Coventry, United Kingdom Industry Utilities. Current: National Grid; Previous: National Grid ensure the investment plan is populated with efficient build/non-build solutions to deliver performance under RIIO T1; and model and track the overall RIIO T1 portfolio to ensure.

4 RIIO-T1 Final Proposals for National Grid Electricity Transmission and National Grid Gas, Supporting Document on Finance – Ofgem 17 December Ref /12 ie its business plan may be “fast-tracked”. 6 RIIO-T1: Final Proposals for SP Transmission .

National Grid : responds to Ofgem | MarketScreener

Our Business Plan for the next decade: January update. Contents 01 03 08 13 17 24 28 32 1. About this document National Grid Electricity Transmission. 3 2. What you have told us Our July Business Plan For our business, avoiding a loss of electricity supply is one of our highest. For , National Grid agreed an investment plan of up to $m with the regulator, allowing the business to earn a return on the increased level of investment needed for leak prone pipe.

System Flexibility on the NTS - Ofgem - initiativeblog.com