Operational context With limited new UK continental shelf development and plateauing Norwegian imports over the RIIO-T1 period, the options for bridging the future demand and supply gap will come largely from Liquefied Natural Gas National grid gas riio business plan sourced from the global market and possibly continental imports.
Safety Safety is at the core of our business and is a top priority for us. As such, the majority of our costs are increasing and a growing element of our forecast efficiencies takes the form of delivering more for the same through productivity initiatives, mitigation of upward pressures and spend to save transformation programmes, along with more traditional cost reduction methods.
As this is just one view of the future, however, we have modelled alternative outcomes in order to ensure that neither we nor consumers face windfall gains or losses if reality should differ. This, along with our role in facilitating a low carbon future and shaping UK and European energy policy, will continue to be our core priorities.
This may, for example, include putting in place a contract with a particular operator on the network. For example the majority of our work relating to designing customer connections is outsourced as this allows us to respond to variations in workload. A modification to the Uniform Network Code is currently being progressed which will deliver clearer timescales around the gas connection process.
For example, the money we spend on maintaining our assets contributes to the safety and environmental outputs, but the main reason for the work is to maintain reliability.
We will continue to assess these trade-offs to ensure we are achieving the optimum result. The chart below shows the proportion of our totex costs associated with each output. During the business plan period, the total spend for direct opex is forecast to be m and investments in IT systems for asset health purposes and enhanced capability are forecast at m.
Given the current level of interest in new infrastructure amongst many of our stakeholders, we will be dealing with these challenges against a backdrop of increased public scrutiny and greater levels of local consultations.
Providing more detail on the link between risk and the cost of equity Justifying our requirement for 7. None of the challenges associated with these two drivers are likely to diminish in the future. Network Output Measures The condition and performance of our assets deteriorate with age and use.
We have not changed this assumption since July Electricity Transmission s RIIO-T1 business plan 17 20 Environment continued The following table outlines the key deliverables in relation to the environment output, how it will be funded and our anticipated investment over the RIIO-T1 period.
These take the form of many different types of engagement, from energy industry discussions through our Transporting Britain s Energy process to community engagement in relation to new infrastructure projects.
We forecast we will spend 0. Innovation will be critical in ensuring the efficient delivery of our challenging plans.
We are recruiting via a wide range of channels, and developing our training schemes to make sure our employees have the skills we need. Please keep doing it! Visual amenity In September we published our latest approach to the routeing of new transmission lines.
Comments from stakeholder workshop, November Gas Transmission s RIIO-T1 business plan 05 8 Our key challenges continued Finding and developing enough people with the right skills Over the next decade we will evolve and update the gas transmission system.
We achieve this flexibility via our proposed suite of uncertainty mechanisms.? Stakeholder comment, November Electricity Transmission s RIIO-T1 business plan 05 8 Our key challenges continued Finding and developing enough people with the right skills Over the next decade, we will build a larger, smarter and more flexible electricity transmission network.
Although the precise impact of the IED is unclear as it has not yet been transposed into UK legislationwe have identified that 21 compressor drive units will not meet the requirements of the directive and so removal of these is included in our plan. We will continue to build on our stakeholder engagement activities, liaising with our stakeholders throughout the RIIO-T1 period.On Tuesday, 17 July, National Grid’s Electricity Transmission business invited stakeholders to share their thoughts and insights to help shape our innovation plans for RIIO-T2.
Read article Load more. SP Transmission RIIO-T1 Business Plan July Context Executive summary 1 1.
Overview 3 electricity and gas sectors over the next ten years: National Grid on our requirements up to The procurement capability to meet our investment plan and. Always verify National Grid reps by asking them to confirm the last five digits of your account number.
Saving money and energy is easy with a No-Cost Home Energy Assessment. Schedule yours today. National Grid Gas Transmission May 6 15 Within our March RIIO-T1 business plan submission, we suggested that the target for the scheme should take account of four distinct categories of.
Welcome to National Grid, providing New York, Rhode Island and Massachusetts with natural gas and electricity for homes and businesses. 3 Introduction This document sets out National Grid Electricity Transmission s (NGET) business plan through to the end of the RIIO-T1 period in Our plan has been developed in conjunction with our stakeholders and we would like to thank all of you for your time and commitment throughout this process.
This will be our first business plan under RIIO .Download