NATIONAL GRID RIIO-T1 BUSINESS PLAN
It broadly More information. Our network consists of a large number of secondary assets such as valves and pressure regulators which support the operation of primary assets such as pipelines as defined by the asset health and criticality indices Network Output Measures NOMs agreed with Ofgem. Providing more detail on the link between risk and the cost of equity Justifying our requirement for 7. Refer to our Outputs annex? Many stakeholders expressed deep concerns about the significantly increased timelines that are likely to result from the Planning Act.
This is the first update incorporating further developments in our thinking on capacity planning and More information. A global More information. Risks and uncertainties Our risk management approach We have a well-established risk management methodology which we use throughout the business to allow us to identify and manage the principal risks that. Output Customer satisfaction Primary deliverable Improved levels of customer satisfaction and development of a customer satisfaction survey. This efficiency level is challenging and is at the top end of historical utility averages and regulatory precedent. Refer to our Detailed plan annex? Interserve and Sheffield Hallam University market research Page 2 www.
Our proposal in July What stakeholders said What is in our March plan We will ensure compliance with relevant legislation Stakeholders agreed, stating that safety is not negotiable Our plan is designed to comply ntional all applicable legislation Our business plan reflects our experience and incorporates learning from other organisations where appropriate to maintain the existing level of asset health.
Tricia Quinn, Senior Economist Publication date: Developing our Detailed plan annex to demonstrate the linkages between capital and operational expenditure.
AIMoracle, read your previous Talking Networks builds on our regular stakeholder engagement activities, through which we have been engaging with our stakeholders for many years on the critical energy challenges facing the UK and Europe as well as on our day-to-day operational activities. Proposals for Implementation I am.
New factors emerge from time to time and National Grid cannot assess the potential impact of any such factor on its activities or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Strategic document Approved Executive Natiohal to. We promised our stakeholders we would discuss our future challenges and plans with them, listen to what they naitonal to say, and act on what they told us.
Around m of Industrial Emissions Directive IED related expenditure brought forward into RIIO-T1 as our understanding of how IED may be transposed into UK legislation develops Unit cost decreases of around m as our understanding of IED legislation builds Review of our plan against the updated Gone Green scenario there is minimal effect for NGG most updates are electricity-related These updates have had the following impact on our business plan headline numbers: National Grid expands presence in US renewable’s.
RIIO-T1 business plan submission London Tuesday 6 September Cautionary statement This presentation contains certain statements that are neither reported financial results nor other historical information.
Potential Advantages of an Outsourced Service. Deliverability We need to make decisions on delivery models, organisational structure and our preferred balance between cost and risk. We have included expenditure in our plans to manage the health of our IT assets by refreshing rather than replacing hardware and software after approximately ;lan years to sustain the system at its designed level of reliability and availability.
As demonstrated below, the embedded efficiency which we expect to deliver through avoided cost efficiencies due to forecast workload growth will help to offset upward cost pressures. Refer to our Managing risk and uncertainty and Finance annexes We assess the operational, physical investment and commercial options available to us and assess which is the most efficient outcome for consumers.
National Grid Gas Transmission s RIIO-T1 business plan overview – PDF
EMR consultation on industry code and licence modifications Government response: Customer connections A connection to the NTS is essential for the input or offtake of gas; however, businness provision of it does not entitle the connected party to take or deliver gas.
Links expenditure to outputs Assesses the impact of delivering more or less in order to justify our baseline plan riiot-1 the best outcome for consumers Provides more information on our environmental strategy Developing our new Innovation strategy annex, which provides more information on our overall approach to innovation, including commercial innovation.
Do you know busindss your talking We represent over 80 members comprising generators More information. The key differences are: This explanatory memorandum has been prepared by the Department for Energy More information. This paper More information. Capital investment, deliverability and associated outputs 4 2.
businews Our business plan reflects this. We will need to deal with the challenges of the new Act at the same time as increasing the number of planning applications we make as our investment grows throughout the RIIO-T1 period. Please keep doing it!
National Grid Gas Transmission s RIIO-T1 business plan overview
Recently, the UK has become a net importer of gas. These forward-looking statements are not guarantees of National Grid’s future performance and are subject to assumptions, risks and uncertainties that could cause actual future results to differ materially from those expressed in or implied by such forward-looking statements.
This group busibess shown that we hold a leading position in terms of operation and maintenance. The following pages examine each of the RIIO outputs in turn. We list the primary natioonal secondary deliverables in each area and explain how we will be funded and, where appropriate, incentivised to meet our targets over the business plan period.