REGULATORY INFORMATION
RIIO-2 DIRECTORY
Open meetings:
Following the publication of the Draft Deteminations, Ofgem hosted a series of nine open meetings to discuss company (Gas Distribution, Transmission and Energy System Operator) responses to the Draft Determinations consultation, strategically discuss key areas of contention and raise areas for clarification ahead of Ofgem’s final determinations. The NGGT open meeting was held on 16 October 2020.
Core response
Incentive development
Development
Most of the incentive schemes agreed for the RIIO-T2 price control period (2021-2026) were set for an five year period but some reputational incentives contain reopeners to see if National Grid should be rewarded if the activities substantially change over the price control period.
Operating Margins Incentive Proposal (2017)
Download the following documents to find out more.
- Operating Margins Incentive Proposal Consultation on the potential re-introduction of a financial incentive for Operating Margin's costs designed to help ensure that the costs customers pay for Operating Margins are kept to a minimum. (August 2017)
- Operating Margins Incentive Consultation Outcome (November 2017)
Shallow Incentives
Review - 2014
Download the following documents to find out more.
- Shallow Incentives Review: Review of the maintenance, demand forecasting for two-to-five days ahead, and greenhouse gas emissions schemes. (June 2017)
- Shallow Incentives Proposal: (August 2017)
- Shallow Incentives Conclusions Report: (October 2017)
Review - 2017
Download the following documents to find out more.
- Shallow Incentives Review: Review of the maintenance, demand forecasting for two-to-five days ahead, and greenhouse gas emissions schemes. (June 2017)
- Shallow Incentives Proposal: (August 2017)
- Shallow Incentives Conclusions Report: (October 2017)
Review Dates
| Scheme | Expiration date | Scope |
|---|---|---|
| Transportation Support Services | October 2018 | Scheme expires 10/18 |
| Demand forecasting D-1 incentive | 01 April 2021 | Scheme expires 31/03/21 |
| Demand forecasting D-2 to D-5 incentive | 01 April 2021 | Scheme expires 31/03/21 |
| Greenhouse gas incentive | 01 April 2021 | Scheme expires 31/03/21 |
| Scheme | Expiration date | Scope |
|---|---|---|
| Maintenance | 01 April 2021 | Scheme expires 31/03/21 |
| NTS shrinkage | 01 April 2021 | Scheme expires 31/03/21 |
| Residual balancing | 01 April 2021 | Scheme expires 31/03/21 |
| Operating margins | 01 April 2021 | Scheme expires 31/03/21 |
| Unaccounted for gas | 01 April 2021 | Scheme expires 31/03/21 |
| Information provision | 01 April 2021 | Scheme expires 31/03/21 |