RIIO-T1 and GD1: Draft licence conditions – First informal ... - Ofgem

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6 RIIO-T1 and GD1: Draft licence conditions – First informal licence drafting consultation Overview of proposed changes to gas distribution SSCs (Part D) 62 Overview of proposed changes to Gas Distribution SpCs 63 Proposed new Gas Distribution SpCs 72 5. Gas Transmission and Gas Distribution – SLCs and SSCs (Part A) 74 Overview of proposed changes to common GT and GD SLCs 74 Overview of changes to common GT and GD SSCs (Part A) 76 Overview of proposed changes to common GT and GD SpCs 80 6. The Annual Iteration Process for the Price Control Financial Model and updating of base revenue allowances 84 Adjust ments to base revenues during RIIO price control periods 84 The Price Control Financial Instruments 85 The Annual Iteration Process for the Price Control Financial Model 86 Financial Conditions 91 7. Proposed changes to common licence conditions 95 Common licence conditions 95 Overview of proposed changes to common licence conditions 96 [ETC/GTC/GDC 81]: Payments by the Licensee to the Authority 96 [ETC/GTC/GDC 29]: Misapplication 97 [ETC/GTC/GDC 74]: Regulatory Instructions and Guidance 99 [ETC/GTC/GDC 31]: Excluded Services 102 Innovation 104 [ETC/GTC/GDC9]: Innovation Rollout Mechanism (IRM) 104 [ETC/GTC/GDC10]: The Network Innovation Competition (NIC) 105 [ETC/GTC/GDC11]: Network Innovation Allowance (NIA) 106 8. Associated RIIO documents 108 Regulatory Instructions and Guidance 109 Data Assurance Guidance (DAG) 112 Environmental Discretionary Reward (EDR) Scheme Guidance 113 Network Innovation Competition (NIC) Governance Document 114 Network Innovation Allowance (NIA) Governance Document 116 Gas Discretionary Reward Scheme (DRS) – Guidance document 118 Stakeholder Engagement Reward Guida nce 119 Appendices 120 Appendix 1 - Data that will be required in the Electricity Transmission RIGs 121 Appendix 2 - Data that will be required in the Gas Transmission RIGs 125 Appendix 3 - Data that will be required in the Gas Distribution RIGs 129 Appendix 4 - Indicative tables showing proposed changes to the price control related licence conditions within the GT licence 133 Appendix 5 - Consultation Response and Questions 142 Appendix 6 - Feedback Questionnaire 144
RIIO-T1 and GD1: Draft licence conditions – First informal licence drafting consultation Executive Summary Britain‟s gas and electricity network companies face unprecedented challenges. They will need to invest over £30 billion over the next decade to develop smarter networks, to meet environmental challenges and to secure energy supplies. Against this backdrop, it is more important than ever that network companies can show consumers they are getting value for money. RIIO-T1 and GD1 will be the first price controls to be conducted under our new RIIO model. Through RIIO-T1 and GD1, we are setting the regulatory framework to apply to Electricity and Gas Transmission (ET and GT) and Gas Distribution (GD) companies from 1 April 2013 to 31 March 2021. The objective of RIIO is to encourage network companies to play a full role in the delivery of a sustainable energy sector, and to do so in a way that delivers value for money for existing and future consumers. We have already published our FP Documents for SPTL and SHETL. 6 Alongside this document we are also publishing our T1 IP Documents for NGET and NGGT with respect to RIIO-T1 7 and separately, our GD1 IP Documents for the GDNs with respect to RIIO-GD1. 8 This document sets out our current thinking as to how the licences of the transmission companies and the GDNs should be amended to implement the RIIO-T1 and GD1 price controls. These conditions are working drafts and we recognise that further work will be required to ensure that the conditions are fully consistent as a package and appropriately reflect Final Proposals. We have held a number of RIIO Licence Drafting Working Group meetings since May 2011 and worked closely with network companies throughout the licence drafting process to facilitate the development of these draft licence changes. We will continue this process for the remainder of 2012. This is an informal eight week consultation which affords all interested parties an early opportunity, relative to previous price controls, to provide views on our working drafts of the proposed licence changes. Following consideration of respondents‟ views to this consultation, we intend to publish a second informal four week consultation (the Second Consultation) on our proposed changes in the autumn. We will then conduct the requisite 28 day statutory consultation in December 2012. 6 RIIO-T1: Final Proposals for SP Transmission Ltd and Scottish Hydro Electric Transmission Ltd 7 RIIO-T1: Initial Proposals for NGGT and NGET - Overview 8 RIIO-GD1: Initial Proposals - Overview 7
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RIIO-T1 and GD1: Draft licence conditions – First informal ... - Ofgem

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