RIIO-2 Open Meetings

Britain’s energy networks form a critical backbone to the economy and the development needs of all areas of the country. All consumers from householders to businesses, hospitals or transport operators depend on energy supplies delivered by reliable and safe networks of pipes and wires.

Ofgem has set out its proposals for a five-year investment programme of £25bn, with potential for an additional £10bn or more, to transform Britain's energy networks to deliver greener energy for GB, whilst cutting the cost of this investment for consumers.

Following the publication of Ofgem's Draft Deteminations, we invite you to register your interest in attending the Network Price Control (RIIO-2) Open Meetings.

For more information on RIIO-2 Network Price Controls or to read our Draft Determinations please visit Ofgem's website.

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Open Meetings

We are holding a series of nine Open Meetings to discuss company (Gas Distribution, Transmission and Energy System Operator) responses to Ofgem’s Draft Determinations consultation, strategically discuss key areas of contention and raise areas for clarification ahead of Ofgem’s Final Determinations, which will be published later this year.

Agenda

• Ofgem opening remarks & introduction
• Ofgem scene setting
• Company presentation
• UG/CEG independent review
• Challenge Group independent review
• Questions from Ofgem and stakeholders
• Ofgem close & summary

Dates, timings and key themes for all Open Meetings can be found below:

• National Grid ESO: 13 October, 13:30-15:00

Key themes for discussion:

• A shared ambition: our Business Plan commitments
• Delivering net zero
• Unlocking value for consumers: driving outcomes through the RIIO-2 framework

• Cadent: 13 October, 15:30-17:00

Key themes for discussion:

• Ensuring a more robust, complete, consistent and reliable Cost Assessment
• Supporting financeability and providing an appropriate balance of risk and reward
• Reflecting the needs of customers now and in a net zero future

• Northern Gas Networks: 16 October, 09:30-11:00

Key themes for discussion:

• Differentiation and the ‘Broad’ Customer Value Proposition
• Expected vs Allowed Returns/Outperformance wedge
• Productivity assumptions
• Mains Replacement Non-Mandatory Workloads

• National Grid GT: 16 October, 12:00-13:30

Key themes for discussion:

• Reliability and resilience of the network
• Complexity and volatility in the framework
• Regulatory stability and investor confidence

• National Grid ET: 16 October, 15:00-16:30

Key themes for discussion:

• Reliability and resilience of the UK’s electricity supply
• Pace of progress towards a net zero energy system
• Regulatory stability and investor confidence in the sector

• Wales & West Utilities: 20 October, 10:30-12:00

Key themes for discussion:

• Totex allowances
• Financing Package
• Increasing Risk

• SP Energy Networks: 22 October, 09:30-11:00

Key themes for discussion:

• Net Zero
• Security of Supply
• Affordability

• SGN: 22 October, 15:00-16:30

Key themes for discussion:

• Reflecting the views of customers and stakeholders
• The right funding to deliver a financeable and balanced package for all stakeholders

• SHE-Transmission: 27 October, 10:30-12:00

Key themes for discussion:

• Allowances (totex, BPI)
• Net Zero (volume driver revenue, uncertainty mechanisms etc.)
• A fair RIIO-T2 return

There will be an opportunity for stakeholders to submit questions or short statements to the company based on the themes of each meeting. All meetings will take place online.

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Queries

If you have any queries, please contact stakeholders@ofgem.gov.uk