SP ENERGY NETWORKS RIIO BUSINESS PLAN
With the regulator putting the finishing touches to its framework for RIIO-2, the next set of price controls due to come into force for electricity networks in , each network company is expected to submit a final business plan outlining their investment decisions and rationale in December next year. Heat pump and energy efficiency scenarios. The consultation outlines the challenges the electricity network is facing including increasing consumer demand for electric vehicles and heat pumps. The consultation will run until 28 September before plans are submitted to Ofgem for final approval. Risk and Uncertainty Our strategy for identifying key risks and uncertainties affecting our business plan over and the scale of their impact and determining what controls are or can be put in place to manage these risks and uncertainties.
Our Plan — Chapter 7.
SP Energy Networks launches RIIO T2 consultation – Utility Week
In July Ofgem published a progress update, but deferred a final decision on the cost of equity range until December. Context — Chapter 2. Annex Volume C9 Section C. SSEN to offer flexible connection service.
A detailed description of buwiness company specific cost implications of the SPM urban interconnected network. Independent assessment to confirm that the process used to correct and amend the asset volume information in both SPD and SPM is robust, effectively implemented and results in a more accurate regulatory asset count. Request a call back. Network Size Amendments Assurance.
A summary of the Cost Benefit Analyses CBAs carried out – along wp a summary of each of the individual analyses setting out the approach and rationale for our chosen option.
SP Energy Networks seeks consumer views on RIIO-2 investment strategy
Our comprehensive strategy and roadmap for delivering outstanding customer satisfaction through the current price control period DPCR5through ED1 and beyond.
Our strategy for the replacement and refurbishment of LV plant assets through the ED1 period.
An independent assessment of the process recently undertaken by SPEN to update the volume of asset movements eligible for HI reporting purposes and the associated processes ennergy reporting HI profiles and scoring, including and assessment of whether the processes adopted to amend the volumes of asset movements were robust, effectively implemented, and thus provide an accurate representation of HI profiles ;lan capital plan delivery. This document also links into our Innovation Strategy and Smart Metering Strategy, explains how we will develop new solutions for the future network and how these will form part of our expenditure in the future.
Legal and Safety Strategy. With the regulator putting the finishing touches to its framework for RIIO-2, the next set of price controls due to come into force for electricity networks ineach network company is expected busineess submit a final business plan outlining their investment decisions and rationale plsn December next year.
Asset Health and Criticality. Our strategy for the use of smart meter information within network operations which will incur these costs and achieve the benefits.
Changes to our plan. Rising Mains and Laterals Strategy Our strategy for the management nettworks rising and lateral mains assets through the ED1 period.
Our strategy for managing the main causes of energy losses from our distribution systems. A description of our overarching Stakeholder Engagement approach and the engagement process we have undertaken in developing this Business Plan.
We explain our ambition to create a future proofed data infrastructure that will allow us to take full advantage of smart meter information in a range of different areas. Civil Strategy and Plans. Protective Equipment and Supporting Systems Strategy Our strategy for asset replacement, refurbishment and repair activities during the ED1 period associated with protection systems installed in SPD and SPM networks as well as other assets which play a major role in the protection of the network.
Ofgem assembles independent panel to scrutinise RIIO-2 business plans | Current News
Our approach to using innovation to improve our services and provide long term value for money. Annex Volume C8 Section C.
And to help scrutinise those plans and contribute towards final decisions over spending allowances, Ofgem has congregated a panel of technical, regulatory, commercial and consumer protection experts. Protective Equipment and Supporting Systems Strategy. Annex Volume Aii Section A. These scenarios aim to represent a reasonable view of heat pump uptake and domestic energy consumption from lighting and appliances, based on the assumption that Government remains committed to meeting carbon targets.
Risk and Uncertainty Insurance Strategy Our strategy for mitigating an appropriate level of risk through transfer by insurance.
Ofgem assembles independent panel to scrutinise RIIO-2 business plans
Follow-up independent assessment to confirm that the process used to correct and amend the asset volume information in both SPD and SPM is robust, effectively implemented and results in a more accurate regulatory asset count. Several scenarios of how best to invest in these challenges will also be outlined.
Netwlrks Relevancy Date Added.
Our strategy for identifying and responding to long term developments in our operating environment, based on a view of what enetgy likely developments will be towards the end of RIIO-ED1 and in subsequent price control periods.