Members from the independently chaired RIIO-T2 Electricity and Gas Stakeholder Groups donned their PPE kit when they visited the Peterborough Compressor site recently.
National Grid Stakeholder Group: Gas Transmission
New independent Chair of the National Grid Electricity Transmission Stakeholder Group Trisha McAuley, OBE shares her views. Click here to go to the blog.
The Stakeholder Group for Gas Transmission is responsible for scrutinising our RIIO 2 business plan and reviewing how we engage directly with stakeholders.
Creating a truly stakeholder-led submission is at the centre of our RIIO 2 business planning preparation. To support this endeavour, we have convened the National Grid Stakeholder Group which covers our Gas Transmission business.
The Stakeholder Group meets approximately every two months and has an independent Chair who is an independent consumer expert and experienced Non-Executive Director.
Members are drawn from a cross-section of the energy industry and beyond. For example, the Group includes representatives from consumer, environmental and public interest groups, as well as large energy users, large-scale and small-scale customers, and distribution networks.
We engage with stakeholders in developing our business plan.
Members are invited to participate based on their individual expertise and experience across a broad range of energy issues.
What is the group responsible for?
The independently Chaired National Grid Stakeholder Group is tasked with undertaking three key functions over the coming 18 months as we prepare our stakeholder-led plans for RIIO-2.
Firstly, it will challenge and review how we engage with stakeholders in developing our business plan. For example, are we fully representing the priorities of all our stakeholders? Are we making sure that stakeholders have the right opportunities for their views to be heard?
The second role of the Group is to scrutinise our business plan. It will assess areas such as the outputs we are committing to deliver, associated costs, the incentives in place and how we plan to deal with uncertainty over the duration of the next price control period.
Finally, the Group will report on areas of the business plan it agrees with and any areas of concern in a report to the regulator, Ofgem. The Group will have regular dialogue with Ofgem throughout its tenure through the independent Chair. You can find out more on the Ofgem page here
What does it do?
We are due to submit our business plan to Ofgem in Q4 2019.
To coincide with the submission, the National Grid Stakeholder Group will produce a report for Ofgem on behalf of the members. This report will summarise the parts of our plan it agrees with and any areas of concern. The report will also assess how we have engaged with stakeholders.
The report will then act as a reference point for Ofgem on any areas of our business plan that might require further scrutiny.
Upcoming dates for the National Grid Stakeholder Group (Gas Transmission) meetings are as follows: