Our plan is based on the Gone Green electricity generation and demand scenario along with a set of assumptions for incremental capacity requirements, driven by anticipated new customer connections during the RIIO-T1 period. Providing more detail on the link between risk and the cost of equity Justifying our requirement for 7. If you cannot make the webinar a replay facility will be available shortly after the webinar has finished by following the link above or alternatively at www. We represent over 80 members comprising generators. For example the majority of our work relating to designing customer connections is outsourced as this allows us to respond to variations in workload.
Developing our Detailed plan annex to demonstrate the linkages between capital and operational expenditure. A large untapped resource: This may, for pplan, include putting in place a contract with a particular operator on the network. Capability of the network will therefore need to be enhanced and the network innovatively managed to maintain current performance against the reliability and availability output by facilitating these emerging customer behaviours.
For example, the money we spend on maintaining our nnational assets contributes to the nationall and environmental outputs, but the main reason for the work is to maintain reliability. Emmerson Alba Condor Gold Gold analysis. Mapping costs to outputs Following our July submission, Ofgem and our natoonal stakeholders told us they wanted to see better linkage between our costs and outputs.
Our business carbon footprint As a group we have traced previously published and verifiable data back to to define our baseline emission level as 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. Infrastructure investment questions for national governments More information.
Participation in this initiative allows us to share and gain knowledge across Transmission System Operators, identifying and learning from best practices. The System Operator also facilitates a number of activities including maintenance and construction activities, the release of incremental capacity and market facilitation through publication of timely and accurate data.
Customer satisfaction To deliver our part in meeting the UK s climate change targets, we need to be a flexible organisation that is in giio-t1 with the market environment and with our customers. In developing the outputs we will deliver over the next decade, we have actively sought stakeholders views on what they want from our network over the period. Managing commodity price volatility Independent, specialist advisors forecast that prices for commodities such as fuel, materials steel in particular and specialist labour will rise faster than general inflation.
Infrastructure and energy security 2. We have weighed up the benefits of alternative delivery models for our main activities and have explored the trade-offs between activities to deliver required outputs.
Potential Advantages of an Outsourced Service. Up to another 24 units could be affected.
The Capacity Market is a mechanism introduced by the Government to ensure that electricity supply continues to meet demand. Proposals for Implementation I am More information. Links expenditure to outputs Assesses the impact of delivering more or less in order to justify our baseline plan as 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.
Our Risk Management Vision 3 2.
National Grid Gas Transmission s RIIO-T1 business plan overview – PDF
The main trade-offs within our business are the interactions and relationship between our Transmission Owner TO and System Operator SO functions and balancing capital and operational costs in relation to asset replacements, refurbishment and maintenance.
These statements include information with respect to National Grid’s financial condition, its results of operations and businesses, strategy, plans and objectives. This announcement contains certain statements that are neither reported financial results nor other historical information.
Construction of the network During construction we consider a variety of methods and mitigating measures we can utilise to ensure we deliver our projects whilst minimising the disturbance to the local environment and the threat of polluting nearby watercourses.
Although the precise impact of the IED is unclear as it has not yet been transposed into UK legislationwe have identified that 21 compressor drive units will not meet the requirements of the directive and so removal of these is included in our plan. To help meet our customers requirements, we are working with them to develop an improved process. How are companies currently changing their facilities management delivery model? We promised our stakeholders we would discuss our future challenges and plans with them, listen to what they had to say, and act on what they told us.
National Grid Gas Transmission s RIIO-T1 business plan overview
Words such as ‘anticipates’, ‘expects’, ‘should’, ‘intends’, ‘plans’, ‘believes’, ‘outlook’, ‘seeks’, ‘estimates’, ‘targets’, ‘may’, ‘will’, ‘continue’, ‘project’ and similar expressions, as well as statements in the future tense, identify forward-looking statements.
Author s of Paper Dorothy Wright Director. We will work towards rkio-t1 aim that regulation should maximise the benefits to UK consumers while minimising the cost to them by, among other things, ensuring that transmission and supply companies have the right incentives to innovate and invest. 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 with all applicable legislation Design of the network The Industrial Emissions Directive IED will place more stringent requirements on emissions from our compressor fleet in the future.