National Grid Electricity Transmission (NGET) has unveiled plans to spend £7.4 billion to establish the “future electricity transmission system”.
Scottish and Southern Electricity Networks (SSEN) has outlined how it plans to create a transmission network fit for net zero, unveiling its detailed RIIO-T2 business plan.
Energy regulator Ofgem has pushed ahead with plans to slash the cost of equity for networks under RIIO-2, confirming a methodology which, if applied today, would cut the baseline return on equity to 4.3%.
With Ofgem’s proposed cap on cost of capital under RIIO-T2 price controls, UK transmission network operators will be challenged to rethink how they deliver capital programmes. Burns & McDonnell’s Jeff Casey and Jonathan Chapman discuss how harnessing the expertise within the engineering-construction sector will be critical to their success.
We conclude our look back at the most significant stories of 2018 as we cast our (short) memories all the way back to November and the last few weeks of December, including that landmark ruling on the Capacity Market from the ECJ and Ofgem’s busy end to the year.
Industry regular Ofgem has proposed a number of reforms to the innovation stimulus to be included in RIIO-2, including the introduction of a new innovation pot and the removal of the Innovation Rollout Mechanism (IRM)
Ofgem has confirmed it intends to set baseline returns at 4% under the next set of network price controls, a significant, 50% reduction on the current framework.
We continue our run-down of the most significant stories of the year, today taking a look back at March and April, which saw Ofgem unveil its overhaul of network incentives and major moves from some of UK energy’s biggest players.
Ofgem has established an independent panel of experts to challenge network companies’ business plans for RIIO-2.
