DNOs are left to determine this combination themselves. In line with that, it is undertaking a value programme with two important features to help ensure that SSE is well-positioned for the period to and beyond. Despite the changes to the Warm Home Discount and ECO announced in December , energy bill payers are still expected to meet significant and increasing costs resulting from environmental and social policies and schemes such as the nationwide roll-out of smart meters. For secondary network investment, DSR is one of the smart solution sets within Transform and hence is included appropriately in our submission. Again, DNOs are more cautious.
Capex spend remains favourable because it increases corporate asset value. SSE is involved in the generation, transmission, distribution and supply of electricity, in the production, storage, sss and supply of gas and in other energy services. Through the established price control process, we will now be responding to the draft determination as well as engaging further with Ofgem in order to secure this outcome. In respect of both the possible retail price freeze legislation and the RIIO-ED1 and competition study processes, SSE will continue to argue strongly for policies and decisions that are fair to energy bill payers and to investors and support the delivery of secure, lower carbon and affordable supplies of electricity and gas over the long term.
Submission to Ofgem on electricity networks’ RIIO-ED1 business plans
plam Prif ddolenni Template letter to raise a grievance at work. Find out more about how we are building a better world of energy for the future in this section of the website.
In addition, SSE believes that operational and financial discipline, supported by a commitment to reform that is in the interests of customers, is the best way to ensure it can continue to fulfil its core purpose of providing the energy people need in a reliable and sustainable way and therefore remunerate shareholders for their investment with dividend growth.
Summary SSE has consistently said that operational and financial discipline is the best way it can fulfil its core purpose of providing the energy people need in a reliable and sustainable way and believes the package of measures it is announcing today is entirely consistent with that.
DNOs have been sceptical about the benefits of the rollout since it was decided that suppliers should lead it — a different model to the location-by-location approach led by networks in other countries. At a glance Why join SSE? Search news and views.
Ofgem insists the benefits of the rollout should be passed back to consumers as soon as possible, ie within the ED1 period. Moreover, Ofgem believes that DNOs will see significant cost benefits through aspects of the rollout which are beyond their control, through partnership working with suppliers. For Ofgem, the potential savings form the smart meter rollout and smart grids are a welcome boon as it seeks to exert what little control it can over spiralling energy costs, and offer consumers a speedy return on investment.
It has already implemented a number of initiatives to improve customer communications, including better information on expected electricity supply restoration times.
These sessions were facilitated by an independent third party so that we could be sure we were not unwittingly influencing, misunderstanding or misinterpreting what our stakeholders were saying. However, it is important this balance is right to ensure investment to maintain secure and reliable supplies.
SSEPD’s Initial Response to the RIIO-ED1 Draft Determination Consultation
As they are currently configured, the projects represent potentially up to 4,MW net sss offshore wind farm capacity for SSE. In Decemberit was announced that the Warm Home Discount is going to be paid for by taxpayers for two years and the Energy Company Obligation ECO is due to be reformed and extended, so busines customers will continue to benefit from energy saving measures, but in a way that should be simpler and less expensive.
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In fulfilling this core purpose and implementing this strategy, SSE has three long-term objectives: This section of our website provides examples and case studies of how we serve the communities we operate in. SSE has decided that it will continue to support the progress of development work on Seagreen and Forewind with the objective of securing the necessary consents for construction, but that it will not extend beyond that the scope of its commitments to the projects in the near term.
In addition to simplifying and streamlining its business through its value programme, SSE is also committed to demonstrating its appetite for reform.
Because they relate to future events and are subject to future circumstances, these forward-looking statements are subject to risks, uncertainties and other factors. In addition to the smart meter savings, Ofgem identifies two sets of savings from smart grid solutions. SSE has consistently argued that politicians can help energy bill payers by transferring to taxpayers the costs of the environmental and social policies put in place over the last decade by governments featuring all three main UK parties.
SSE is able to make this commitment now as a result of the planned changes to the Warm Home Discount and ECO announced in Decemberwhich it is assuming will be confirmed, through its work to secure customers’ energy supplies in wholesale markets and as a result of its wider focus on operational efficiency.
Sse riio t1 business plan
Capital investment, deliverability and associated outputs 4 Load Related Investment 4 Non Load Related Investment – refurbishment and replacement of existing assets 6 Outputs and Associated Incentives 7 3.
The release goes on to quote Ofgem chief executive Dermot Nolan saying: In addition, there are other assets such as onshore wind farms which present, through disposal, opportunities to release capital to support future investment.
SSE has therefore reduced its energy prices in Great Britain and, unlike some companies, is also passing on savings to customers on fixed and capped price tariffs. Sally Fairbairn – Director of Investor Relations.