The Capacity Market is a mechanism introduced by the Government to ensure that electricity supply continues to meet demand More information. Adaptable and flexible Our business plan is capable of dealing with a wide range of potential impacts on the gas transmission network resulting from decarbonisation of the electricity sector and changing supply and demand patterns. Internal Audit – progress report and plan Audit Committee, 16 March Internal Audit – progress report and plan Executive summary and recommendations Introduction Grant Thornton have prepared the attached report which sets out More information. We look forward to evolving the network and the way we manage it to meet our customers and wider stakeholders needs over the coming decade. Further justifying our finance proposals by:
The purpose of this report More information. These forward-looking statements are not guarantees of National Grid’s future performance and are subject to assumptions, risks and uncertainties that could cause actual future results to differ materially from those expressed in or implied by such forward-looking statements. This may, for example, include putting in place a contract with a particular operator on the network. Infrastructure investment questions for national governments More information. These can be grouped into five core categories and form the foundations upon which we operate to optimise efficient delivery and drive our choices of delivery model and organisational structure.
Providing more detail on the link between risk and the cost of equity Justifying our requirement for 7. We therefore carry out the majority of this work internally.
Health and Safety Executive representatives believe we demonstrate good alignment of process safety priorities and that we have an exceptional safety record but we should remain vigilant against complacency.
PR18 working paper Working paper 3: The Capacity Market is a mechanism introduced by the Government to ensure that electricity supply continues to meet demand More information.
Infrastructure investment questions for national governments. Doing this will require more people with specialist skills, people who are currently recruited from all around the world and for whom there is a great deal of competition. Strategic document Approved Executive Assistant to. Author s of Paper Dorothy Wright Director. Energy derived from More information. Not surprisingly, maintaining reliability and availability is our biggest focus.
Venting the necessary evacuation of natural gas from our compressors will be reduced through the development of innovative techniques to optimise maintenance scheduling, compressor operation and decompression techniques. The scale of asset replacement and system reinforcement needed gives us an opportunity to invest in the latest technology to deliver long-term value.
We have welcomed the open and transparent way in which the business plans have been developed EdF, November consultation response? Because the Planning Act is relatively new, the effect it will have on major projects is not yet fully known. Decision on fast-tracking for Rkio-t1 Transmission Ltd and Scottish Hydro Electric Transmission Ltd To generators, shippers, busindss, network companies, consumers and their representatives, the sustainable development community, investors and other interested parties Promoting choice and value for More information.
National Grid Gas Transmission s RIIO-T1 business plan overview – PDF
Providing capacity to meet our customers requirements We expect to receive market signals for incremental capacity from our customers, and it will be important that we respond to these in a timely and efficient way. As this is just one view of the future, however, we have modelled alternative outcomes in order to ensure that neither we nor consumers face windfall gains or losses if reality should differ.
We also carried out three consultations, held dozens of bilateral meetings and explored consumers attitudes to transmission. Stakeholder engagement is a key component of any new routeing.
With the decline of indigenous gas supplies, the arrival of significant LNG importation terminals, greater European interconnection and the emergence of a new generation of fast cycle storage, the nature plab behaviour of connected parties has materially changed.
These reviews and subsequent upgrades will allow us to build in the flexibility that we will need to efficiently operate the transmission networks of the future, as well as increasing our cyber-security. Investing in renewable technologies CfD contract terms and strike prices Investing in renewable technologies CfD contract terms and strike prices December Crown copyright You may re-use this information hational including logos free of charge in any format or medium, More information.
We will develop some of the anticipatory investment principles such as considering commercial intelligence alongside auction signals. Our business carbon footprint As a group we have traced previously published and verifiable data back to to define our baseline emission level as Up to another 24 units could be affected.
We will work towards our 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 rijo-t1 and invest. It has been prepared following extensive consultation with a wide range of stakeholders and reflects. The updated business plan submission incorporates financing proposals, including an allowed cost of equity of 7.
Further justifying our finance proposals by: Refer to our Managing risk and uncertainty annex Want to know more?
National Grid Gas Transmission s RIIO-T1 business plan overview
In addition, over gas transmission staff are expected to leave or retire between now and To replace these people and further grow our workforce, we anticipate that we will recruit and train almost new employees by the end of the RIIO-T1 period. The process of obtaining a connection is seen grod complicated and lacking clarity regarding timescales.
It represents more than companies. We are recruiting via a wide range of channels, and developing our training schemes to make sure our employees have the skills we need.