National Grid (NG.): submits final RIIO-2 Business Plans

Published on 09-12-2019 08:37:46
Author Sparks Team

National Grid has submitted its final business plans to Ofgem for its UK Electricity and Gas Transmission businesses and the Electricity System Operator, for the 2021-2026 RIIO-2 period.

The company’s Electricity Transmission plan has a baseline totex spend of £7.1bn over the five years and assumes connection of 15.3GW of customer capacity, providing the UK with clean power and flexible storage, as well as continued investment to maintain reliability and resilience.

The company’s Gas Transmission plan has a baseline totex spend of £2.8bn over the five-year plan and assumes an increase in asset health and cyber-related investment, as well as a programme of work needed to test and prove hydrogen conversion options.

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