Modification of Special Condition 3.14 Asset Health Re-opener of National Gas Transmission Plc's gas transporter licence
Summary
Ofgem proposes correcting National Gas Transmission's licence condition 3.14 to include valve interventions in the Asset Health Re-opener and extend the true-up mechanism to cover April 2021-March 2024. The modification addresses drafting that did not reflect the original RIIO-T2 policy decision. Consultation closed 23 April 2024.
Why it matters
Technical correction to gas transmission licence conditions — affects gas infrastructure maintenance allowances rather than electricity market structure.
Key facts
- •Extends Asset Health Re-opener to include valve interventions
- •True-up mechanism covers 1 April 2021 to 31 March 2024
- •Consultation period: 25 March to 23 April 2024
Timeline
Areas affected
Related programmes
Memo
Modification of Special Condition 3.14 Asset Health Re-opener of National Gas Transmission Plc's gas transporter licence | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: Modification of Special Condition 3.14 Asset Health Re-opener of National Gas Transmission Plc's gas transporter licence Publication type: Consultation Publication date: 25 March 2024 Closed date: 23 April 2024 Status: Closed (with decision) Topic: Gas transmission Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn We are proposing a modification to National Gas Transmission Plc's licence, Special Condition 3.14 Asset Health Re-opener, to correct the current drafting which does not accurately reflect the original policy decision set out in RIIO-T2 Final Determinations. This will extend the scope of the Asset Health Re-opener to include interventions related to Valves. It will also extend the true-up mechanism applicable to relevant allowances to cover the entire period from 1 April 2021 to 31 March 2024. Respond name Graham Craig Respond telephone 0141 354 5447 Respond email graham.craig@ofgem.gov.uk Main document Statutory consultation to modify Special Condition 3.14 Asset health Re-opener of National Gas Transmission Plc’s gas transporter licence [PDF, 223.63KB] Subsidiary documents Notice of Statutory Consultation [PDF, 108.19KB] Response documents NGT Response_Modification Special Condition [PDF, 120.16KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close