Asset health Re-opener Applications Submitted by National Gas Transmission (January 2023 and June 2023)
Summary
Ofgem consultation on asset health re-opener applications submitted by National Gas Transmission (January 2023 and subsequent windows).
Why it matters
Project-specific asset health re-opener applications. Particularly consequential for gas transmission given that NGT must maintain an asset base whose value falls as gas demand declines but whose asset condition still drives maintenance spend.
Areas affected
Memo
Asset health Re-opener Applications Submitted by National Gas Transmission (January 2023 and June 2023) | 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: Asset health Re-opener Applications Submitted by National Gas Transmission (January 2023 and June 2023) Publication type: Consultation Publication date: 8 July 2024 Closed date: 9 August 2024 Status: Closed (with decision) Topic: Energy network price controls Subtopic: Transmission price control 2021 to 2026 (RIIO-T2) Decision: Asset health Re-opener Applications submitted by National Gas Transmission (January 2023 and June 2023) Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn We are consulting on National Gas Transmission’s (NGT) Re-opener application, under Special Condition (SpC) 3.14 Asset health Re-opener of the RIIO-2 price control, for a direction modifying the value of the licence terms AHt, NARMAHOt and NLAHOt for asset health interventions in the St Fergus and Bacton gas terminals. In January 2023 and in June 2023 NGT submitted applications under SpC 3.14 Asset health Re-opener seeking increased allowances. In accordance with our indicative application assessment process, having determined that a valid submission had been submitted, we proceeded to a detailed assessment of these applications. Respond name James Dunshea Respond telephone 0141 354 5447 Respond email James.Dunshea@ofgem.gov.uk Main document Asset health Re-opener Applications Submitted by National Gas Transmission (January 2023 and June 2023) [PDF, 0.98MB] Response documents NGT response to July 2024 consultation [PDF, 382.31KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close