Electricity transmission innovation
Our commitment to innovation allows us to run, build, and maintain our network more efficiently and effectively, delivering benefits to consumers and shareholders alike. Embedding innovation and new technology into our business delivers continuous improvements in the quality and cost of our services.
How do we innovate?
Our innovation activities focus primarily on 4 key value themes:
- Managing assets: Managing assets throughout their lifecycle.
- Service delivery: Developing new service-based propositions and business models.
- Efficient build: Building of new assets at lower capital and whole-life costs.
- Corporate responsibility: Always doing the right thing.
Collaboration keeps us at the forefront of innovation. We engage stakeholders, such as original equipment manufacturers and academic institutions, to explore and evaluate opportunities. We recognise the value of working with appropriate partners to drive growth both for National Grid and the wider industry.
Our RIIO innovation stimulus package provides two key funding mechanisms: the Network Innovation Allowance (NIA) and the Network Innovation Competition (NIC). We also fund innovation via various other routes.
Data Sharing Policy for NIA and NIC Projects
Following revisions to the NIA and NIC Governance documents that were published by Ofgem on 30 June 2017, Ofgem has introduced a requirement for us to make available certain network and consumption data we gather in the course of a NIC- or NIA-funded project.
The purpose of this data sharing policy is to make clear how such network or consumption data can be requested by interested parties and the terms on which we will make such data available.
This policy applies to the network data and consumption data arising in the course of a NIC- or NIA-funded project which is not commercially confidential or sensitive.
In accordance with the dissemination requirements of the NIC/NIA governance framework, we already publish much of the data arising from our NIC/NIA projects. You may wish to check this before making an application under this policy, in case the data which you are seeking has already been published.
Electricity Network Innovation Strategy
The Electricity Network Innovation Strategy sets out the challenges and the opportunities facing the electricity transmission and distribution networks in continuing to provide benefits to our customers within the energy systems of the future.
Ofgem's RIIO-2 framework consultation
The RIIO-2 framework consultation document sets out how Ofgem is thinking of incentivising companies to deliver the outputs that consumers value the most in the next regulatory period. To find out more about the innovation proposal guidelines, refer to page 45. And if you want to participate in the consultation, please get in touch [email protected]
NIA Annual Summaries
Find out more about our innovation activities and read our latest Innovation Annual Summary for 2016/17 published in July 2017.