The UK's onshore electricity transmission network owners shape how we will run our businesses over the coming eight years under the recently introduced RIIO-T1 price control regime.
The new regime introduced of a set of measures aimed at ensuring that transmission owners invest consumers' money wisely in their networks; We need to make sure we minimise costs for current customers without creating unnecessary costs for future customers. In conjunction with Ofgem, we use network output measures to show we are investing in our existing assets appropriately.
Our methodology sets out how we calculate these measures, based on factors including asset condition and criticality to the network. We updated it recently to reflect the current regulatory arrangements and asked for your views on our proposed changes. You can read the amended methodology statement with our proposed changes below. The last date for comment was 7 February 2014, but if you have any questions, please send an email to email@example.com.