Today, we’ve published our ‘Enabling the path to Net Zero’ document that sets out our ambitions for the RIIO-ED2 period. This publication follows our extensive engagement programme – where we’ve already engaged with over 14,000 customers and stakeholders to inform and develop our thinking. More than at any time in our history!
All of our plans are focused on what our customers, stakeholders and communities need, and you can help influence our direction by having your say on the future of our network.
Our CEO, Frank Mitchell, said: “I’m excited to publish our latest thinking and set out the ambitions for our upcoming RIIO-ED2 Business Plan that runs from 2023 to 2028. This document outlines our draft proposals based on what our customers and stakeholders have told us so far and gives you an insight into how we’ve been developing our plan.
“This is a time of profound change. As national, devolved and local Government drive towards Net Zero carbon emissions, society will need an electricity network that is ready and able to make this a reality. It’s our job to make sure this happens.
“This will be the most ambitious plan we’ve ever created, reflecting the increasingly important role our networks play in enabling a better future, quicker.
"I hope you find this document insightful, and I’d encourage you to have your say.”
What is RIIO-ED2?
The next electricity distribution price control, referred to as RIIO-ED2, runs from 2023 to 2028 and will be fundamental to making sure this radical change happens. This price control - our contract with the regulator, Ofgem, will set out our investment plans, outputs and costs over this period. It will be our roadmap to tackle the climate emergency, create new jobs and support our customers and stakeholders through the energy transition.
How can you have your say?
Throughout our ‘Enabling the path to Net Zero’ document, we’ve presented the draft proposals that will form the basis of the plan we’ll submit to Ofgem later this year.
We’ve built these proposals on the priorities and needs that our customers and stakeholders have told us about through all of our engagement so far, combined with other sources of evidence, like our engineering and internal research.
We want to make sure that what we’ve proposed, and our level of ambition, effectively meets the needs and priorities of customers and stakeholders while ultimately delivering the outcomes you prioritise.
You can tell us what you think about each of our proposals in these areas by completing the online surveys here.
The online consultation on our proposals will be live until Tuesday 25 May.