Our proposal in July What stakeholders said What is in our March plan We will develop the connections and capacity processes to align them and to mitigate against the implications of the Planning Act on delivery timescales Stakeholders supported further development of the processes and would like to fully explore and understand a number of options We have proposed a high level process that specifies the steps we will follow in delivering incremental capacity We propose that our obligated lead time to deliver incremental capacity is reduced to 24 months Gas Transmission s RIIO-T1 business plan We achieve this flexibility via our proposed suite of uncertainty mechanisms.? Although we welcome the fact that the planning process is more predictable, this makes the process longer and more expensive. The survey itself must not be a resource burden on stakeholders. The modelling results show strong growth in South Australia has enough clean energy potential to power homes remove pollution equivalent to cars create 3,, , 5, new jobs Australia is in the early stages of a clean energy boom, with More information. To view and listen live to the w ebinar please use this link: Our Risk Management Vision 3 2.
These annexes are summarised below. We will adopt the principles of this Modification Proposal and adhere to clear deliverables and timescales in relation to providing connection offers. It has been prepared following extensive consultation with a wide range of stakeholders and reflects. This is the first update incorporating further developments in our thinking on capacity planning and More information. Providing more detail on the link between risk and the cost of equity Justifying our requirement for 7. Delivering for our customers Our to business plan Delivering for our customers Our to business plan 2nd December South East Water Delivering for our customers Our to business plan Priorities Service Outcomes Performance Incentives More information. Risks and uncertainties 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 More information.
This framework supports our investment and policy decisions, with the aim of creating an enduring value over the lifetime busihess our assets. In the course of developing our business plan, we held 14 workshops, talking directly to several hundred stakeholders with a broad range of interests.
To facilitate this increased network flexibility, we have proposed an uncertainty mechanism that will allow funding for these solutions if plzn industry agrees it is required. Refer to our Detailed plan annex? Risks and uncertainties 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 More information.
Securing planning permission for our major infrastructure projects The Planning Act requires us to do more work earlier grdi the planning process including more engineering design and wider consultation before planning permission can be sought.
Risks to security consumers: Reform of the distribution network pricing arrangements under the National Electricity Rules to provide better guidance for setting, and consulting on, cost-reflective rio network pricing structures.
For operational expenditure, we have embedded an average long-term efficiency level of 1. Highways Asset Management Integrated Service. We have therefore developed a Whole Life Value process that focuses on all the different aspects of stakeholder needs on a systematic basis.
Participate in Share Chat. Design of the network The Industrial Emissions Directive IED will place more stringent requirements on emissions from our compressor fleet in the future.
National Grid Gas Transmission s RIIO-T1 business plan overview – PDF
The content of any website references herein do not form part of this announcement. Infrastructure investment questions for national governments. Aims and More information.
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: Non load-related activities non nstional replacing and maintaining our assets Non load-related expenditure is driven primarily by the need to manage the ongoing safety, reliability and environmental performance of our asset base.
Equitable trade-offs In undertaking our operations, we make a number of trade-offs between different costs, risks and benefits.
National Grid Gas Transmission s RIIO-T1 business plan overview
Load-related activities customer-driven Load-related investment is driven by changes in the pattern of generation and demand, both through direct interaction with customers via connection applications, and through the need to ensure that the interconnected transmission system fulfils certain security requirements, given the anticipated background grir generation and demand.
Sustainable Development Strategy Our vision and strategy: Business Plan March Contents Introduction Developing our Detailed plan annex to demonstrate the linkages between capital and operational expenditure. Network Program Deliverability Strategy Attachment Safety Monitors were introduced in More information. Our business plan reflects our experience and incorporates learning from other organisations where appropriate to maintain the existing level of asset health.
Many of our stakeholders consider connections as a key priority for National Grid. This is the first update incorporating further developments in our thinking on capacity planning and More information. This seeks to define Contracts for Difference CfDs and their. Comments from stakeholder workshops, March-May 9 Stakeholder engagement Change on the scale we are talking about affects everyone, and we have listened hard in order to produce this business plan.
Providing capacity to meet our customers requirements We expect to receive market signals for incremental capacity from our customers, and it will be important that we respond to these in a timely and efficient way.
All information is provided free roio charge, ‘as-is’, and you use it at your own risk.
Proposals for Implementation I am More information. Potential Advantages of an Outsourced Service. This document explains our settlements final determinations for the next network price control RIIO-ED1 which will come into effect in April and run for eight years until Energy storage has been identified as a priority technology for innovation.
Unexpected material events can occur and whilst we plan to prevent such occurrences, additional funds will be required to manage these unforeseen events if they do arise. Participation in this initiative allows us to share and gain knowledge across Transmission System Operators, identifying and learning from best practices.