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I want all the information I need

In this section, we look at the value of our information and insights to our stakeholders. We also examine why timely and accurate information will become even more critical as the market evolves.

I want all the information I need to run my business, and to understand what you do and why 

Transparency and information are fundamental to our stakeholders being able to operate their businesses efficiently and effectively.

Our data and insights provide value for consumers by ensuring that the gas market runs smoothly. Our work in this area also promotes competition – allowing participants to plan, prepare and operate effectively.

We recognise that our stakeholders need us to provide good quality information and data to inform their business decisions.

Golden Thread

Golden Threads demonstrate how the voice of our stakeholders is reflected in our business plan outputs. And how our business plan delivers value for consumers.

I want all the information I need to run my business, and to understand what you do and why 

 

Business plan annex
Our proposal: Information provision

What our stakeholders have told us

Commitment

Output Type

Provide more consistency and accuracy of data.

 

 

 

 

 

 

Quality of demand forecast incentive schemes (day ahead and 2-5 day schemes). Retain incentives schemes to drive forecast accuracy. Make incentive tougher to achieve against by reducing the performance gradient, recognising that demand forecasting is becoming increasingly challenging.  

ODI Current proposed cap: £8.0m / collar £2.5m per year

Target:D-1: ~8.5 mcm/d , D-2 to D-5: 13.7 mcm/d

Provide more consistency and accuracy of data.

Implement system changes to detect and resolve data inaccuracies and ensure timeliness of our data delivery. Revolutionise data publication mechanisms to significantly increase the availability and resilience of our systems.Commitment
Provide more information, faster access to it and  an easy way to ask for new kinds of information.

Investing in our people and IT systems, taking advantage of technology to develop new capabilities allowing us to share information in better ways, see more in annex A14.25.

Commit to establishing a transparent governance structure, agreed with the industry, to include and publish new data items with greater speed and flexibility than ever before.

Provide system flexibility to enable changes to our data publication mechanisms are quicker and at a lower cost.
Commitment
Transparency is key. Be more transparent than ever by continuing to provide regulatory reporting, continuing to update our business plan with stakeholders (see chapter 10), retaining the independent stakeholder user group and ensuring our leadership team’s remuneration is clearly aligned with delivering outputs for stakeholders. Commitment

Consumer benefit 

Our information and insights provide value for consumers by ensuring that the gas market runs smoothly.

It also promotes competition in the wholesale market – allowing participants to plan, prepare and operate effectively.

Better understanding of role we play, giving a clearer link between consumer bill and our contribution to it and the service we provide.

Hands on table working on National Grid Gas RIIO-2 business plan

How you shaped our business plan

Here you can find information about how we consulted with our stakeholders on our business plan.

This includes webinars, reports and consultation documents and blogs supporting our business planning activities.

Find out more

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