Ofgem ed2 business plans
Webb5 mars 2024 · July 2024 – Initial RIIO-ED2 Business Plan submitted to Ofgem, with a CEG report. On 1 July, UK Power Networks submitted its initial RIIO-ED2 Business Plan to Ofgem. The CEG reviewed this updated version of the Plan, including how the wants and needs of UK Power Networks’ customers and stakeholders within its three regions … Webb1 dec. 2024 · Annexes. Supporting our business plan, we are also submitting a number of Annexes that provide more detailed information about our proposed plans, rationale, costs, and how our plan has been developed through, and shaped by, customer and stakeholder engagement. Some of our annexes have further appendices providing …
Ofgem ed2 business plans
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Webb6 mars 2024 · SSEN Distribution, part of SSE plc, has confirmed acceptance of Ofgem’s Final Determination on its business plan for the RIIO-ED2 electricity distribution price control, which will run from 1 April 2024 to 31 March 2028. Delivery of SSEN’s RIIO-ED2 business plan will see SSEN invest £3.6bn in local network infrastructure to support ... Webbd16qag4vfpk8c6.cloudfront.net
Webb30 nov. 2024 · In December 2024, the six DNO’s submitted their final RIIO-ED2 business plans for review by the regulator, which itself then published its draft determinations in June 2024. These determinations were dubbed “tough and stretching ”, with a number of clarifications and resolutions identified by the DNOs at the time. Webb18 dec. 2024 · Ofgem also looks to have changed its stance on totex, with an additional £4 billion in funding across the eight network companies, reducing the percentage disallowance between Ofgem and company...
WebbBusiness plan and TOTEX incentives. Ofgem proposed to: (i) remove the early settlement process for RIIO-ED2; (ii) set incentive rates via a confidence-dependent incentive rate approach; and (iii) use the Business Plan Incentive (BPI) that would reward high-quality and ambitious business plans. Fair returns and financeability Webb30 sep. 2024 · RIIO-ED2 Business Plan Guidance Guidance Publication date 30 September 2024 Industry sector Distribution Network This guidance document is …
Webb30 nov. 2024 · It stands for setting Revenues using Incentives to deliver Innovation and Outputs. The current electricity distribution price control (known as RIIO-ED1) ends on …
Webb17 dec. 2024 · On the 1st of December, the UK’s Electricity Distribution Network Operators (DNOs) submitted to Ofgem and then published their business plans for the next electricity distribution price control (known as RIIO-ED2). This will run over the five year period between 2024 and 2028. bouche bdop 200WebbSF ED2 BP – MF JW v 090222 [email protected] 9 February 2024 Dear RIIO team Ofgem Call for Evidence on ED2 Business Plans Thank you for the opportunity to contribute to the Call for Evidence on the ED2 Business Plans. Sustainability First is a think-tank and charity with a focus on social, environmental and … bouche bdo 160WebbOur Business Plan: Placing customers and communities at the heart of Net Zero Overview Why are we producing a Business Plan now? Keys to success Facilitating Net Zero … bouche bdop vimWebbOfgem will hold an open hearing on SPENs plan on 24th March, which is open to the public to attend, and expect to make final determinations on all plans this winter. The RIIO ED2 plans will then guide network investment from 2024 to 2028. Benny Talbot, Innovation Development Manager @CES bouche beanteWebbWe’ve launched our RIIO-ED2 Business Plan, detailing the £3.3 billion worth of spending that’s needed to ready the UK for an electric future. We’ve engaged over 19,000 customers and stakeholders on a vast range of topics ranging from engineering to consumer vulnerability. In short, everything we’ve done is designed to meet the needs of ... bouche bdop 125Webb2 juli 2024 · An increase in EVs and heat pumps is also a key priority in UKPN’s business plan for the upcoming RIIO-ED2 price period. The DNO is forecasting up to 2.7 million EVs being connected to its networks by 2028, a significant increase from just 150,000 currently, as well as an additional 700,000 heat pumps. hayward ca on mapWebbRIIO-ED2 is the next electricity distribution price control period set by our regulator Ofgem, which will run from 2024-2028. Following extensive stakeholder engagement, we … bouche bdop 80