We are listening to our customers and stakeholders, because we know that as the energy system evolves, so do your needs.
We are now starting to build our plans for the next regulatory period, RIIO 2, which begins in 2021. We need to submit these plans to our regulator, Ofgem, in 2019, and are currently building an engagement programme based on what stakeholders have told us are their priorities. What we hear as part of this engagement will then form the basis of our future plans. You can find out more about our engagement work and business plans on the Electricity System Operator, Electricity Transmission and Gas Transmission pages of this site, or to stay updated, please sign up on the 'Contact us' page of this website.
For RIIO 2 we will be using a tried and tested engagement approach, called constructive engagement, which is based on a combination of what is done in the water and airport sectors.
This involves building our future plans directly with a broad stakeholder community while working with our new independently Chaired stakeholder groups to challenge and review our approach to engagement. These stakeholder groups will also scrutinise the outputs we plan to deliver, associated costs and plans for managing uncertainty as well as how we should be incentivised. Alongside our own engagement activities, and independently Chaired stakeholder groups, Ofgem will create a RIIO 2 Challenge Group to consider the affordability and sustainability of the Electricity Transmission and Gas Transmission plans.
The groups will each submit a report to Ofgem in addition to our own submissions. You can read Ofgem's RIIO 2 Enhanced Stakeholder Engagement Guidance document by following this link.
To do this, we have a phased approach, details can be found below.