Our plan is efficient and affordable, providing value for money
We have a strong cost-focused culture, but we also are fully aware of the requirement to balance this with the service we deliver.
To deliver our proposals as cost-efficiently as possible we have challenged ourselves to drive efficiencies across all the activities of this business plan.
Our efficiency ambition will lead to a £47m per year reduction in our RIIO-2 costs, which is an 8 per cent efficiency. Beyond our own efficiency, we will work with Ofgem to identify where competition could be introduced to specific new, large and separable investment projects.
This chapter demonstrates the value for money of the entire business plan. It also discusses costs not mapped separately to other stakeholder priorities, including business support costs and non-controllable costs.