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.
Articles tagged with: RIIO-2
Current±’s 2018 Review: Capacity Market standstill, Engie’s KiWi Power play and Ofgem’s busy December
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.
Inside RIIO-2: Ofgem’s innovation stimulus reform
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 confirms intent to slash RIIO-2 cost of equity to 4%
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.
Current±’s 2018 Review: Ofgem’s RIIO-2 unveil in March and OVO’s eventful April
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 assembles independent panel to scrutinise RIIO-2 business plans
Ofgem has established an independent panel of experts to challenge network companies’ business plans for RIIO-2.
National Grid ‘well positioned’ for energy transition as UK restructuring programme commences
The UK’s transmission system operator National Grid has said it is “well positioned” for the energy transition as it embraces a £127 million restructuring programme.
SP Energy Networks seeks consumer views on RIIO-2 investment strategy
SP Energy Networks (SPEN) has launched a public consultation on its RIIO-2 business plan, seeking public opinion on the critical areas of its five-year investment strategy.
‘Fundamental flaws’: What networks operators said about RIIO-2
Ofgem has published much of the evidence submitted to its RIIO-2 consultation, with network operators largely rallying against a proposed cost of equity range that was beset by “fundamental flaws”.