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Ofgem announced its final determinations of our Electricity Transmission business plan for the RIIO-2 regulatory period covering 2021 to 2026. Ofgem’s regulatory framework is known as RIIO (Revenue = Incentives + Innovation + Outputs). The RIIO model offers network companies incentives for innovation and securing investment, so they can develop sustainable energy networks at the lowest cost for current and future customers.
Ofgem published their final determinations on Tuesday 8 December 2020. We will be studying Ofgem's final determinations package very carefully - it covers a broad range of issues for our business.
We developed our business plan against a background of rapid change in the energy industry.
Our business planWe are the Independent User Group responsible for scrutinising National Grid’s RIIO 2 business plan and challenging how they engage with stakeholders. As the Independent User Group, we represent a cross-section of the energy industry and beyond, bringing our individual expertise and experience across a broad range of energy issues.
National Grid Electricity Transmission Independent User Group