What this stakeholder priority is about
The need to transition to clean energy, and drive down current and future consumer costs are driving rapid changes in our energy system.
Everything we do is for our customers, stakeholders and ultimately the end consumer. They are telling us they want us to be innovative, and deliver an affordable network that is safe, reliable and resilient, and play a role in decarbonising the UK economy. We can make a real, meaningful difference, leading the way to a safe and sustainable future.
Our Innovation Strategy has been developed with our stakeholders, resulting in the following focus areas:
- Delivering Cleaner Energy
- Delivering Cheaper Energy
What you can find in this chapter
- What this stakeholder priority is about
- Track record and implications for T2
- What our stakeholders are telling us
- Our proposals for the T2 period
- The justification for our proposals
- Our proposed costs for the T2 period
- How we will manage risk and uncertainty
What you have told us so far
We've asked our stakeholders what is important to you. You've told us that we should innovate more on decarbonisation, as well as providing a reliable energy system and lower energy bills. We've changed our plans to increase our focus on decarbonisation.
You want us to invest in innovative ways of delivering this which creates benefits both now and in the future. You've told us that we are not accessible enough, we need to be more open and transparent.
You want us to share our innovation challenges earlier, and encourage more Small and Medium Enterprises (SMEs) to be involved.
We'll do this through BAU Innovation, Network Innovation Allowance (NIA) and Strategic Funding Innovation Pot (SFIP).