Our licence is established under the Gas Act 1986. It requires us to develop, maintain, and operate economic and efficient networks and to facilitate competition in the supply of gas in Great Britain (GB). They also give us statutory powers, including the right to bury our pipes under public highways and the ability to use compulsory powers to purchase land so we can conduct our business.
The UK Gas Transmission (UK GT) business operates under one price controls, covering our role as transmission owner (TO) and system operator (SO).
In addition to the price controls, there is also a tariff cap price control applied to certain elements of domestic metering and daily meter reading activities carried out by National Grid Metering.
Our regulatory framework is called RIIO (revenue = incentives + innovation + outputs) and lasts for five years. The current period started on 1 April 2021 and runs through until 31 March 2026. The building blocks of the RIIO price control are broadly similar to the historical price controls used in the UK, but with some significant differences in the mechanics of the calculations. You can find out more information on our price controls by visiting our How we're regulated page.
European institutions and associations
We are a member or participant of the following institutions and associations that meet on European issues.
|Gas Infrastructure Europe (GIE)||Gas infrastructure Europe (GIE) represents 67 companies from 25 countries that operate gas infrastructure across Europe. GIE aims to find market-based solutions which best meets the interests of its members.|
|Energy Network Associations (ENA)||The Energy Networks Association (ENA) represents the Electricity and gas transmission and distribution network operators in the UK and Ireland. Their goal is to promote safe, reliable, efficient and sustainable networks.|
|MARCOGAZ||MARCOGAZ is a non-profit international association founded in 1968 and represents the European gas industry on all technical aspects of the gas system’s full value chain. It represents the interests of national and European gas associations as well as the individual gas companies’ members spread across Europe.|