Statutory consultation on modifications to NGETs licence in relation to consequential costs from ESO separation

Statutory consultation on modifications to NGETs licence in relation to consequential costs from ESO separation | 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: Statutory consultation on modifications to NGETs licence in relation to consequential costs from ESO separation Publication type: Consultation Publication date: 15 January 2025 Closed date: 13 February 2025 Status: Closed (with decision) Topic: Electricity transmission Related consultations: Funding National Grid’s consequential costs from the separation of the Electricity System Operator Decision: Decision on modifications to NGETs licence in relation to consequential costs from ESO separation Print this page Related links Funding National Grid’s consequential costs from the separation of the Electricity System Operator Share the page Share on Facebook Share on Twitter Share on LinkedIn This is a statutory consultation on modifications to National Grid Electricity Transmission (NGET)’s licence. Our proposed licence modifications implement our November 2024 policy decision on funding National Grid plc (NGs)’s consequential costs resulting from the separation of the Electricity System Operator (ESO). The proposals make an adjustment to NGET's totex allowance for the remaining duration of RIIO-2. We are also consulting on modifications to NGET’s licence to introduce requirements related to the Operational Services Agreement with National Energy System Operator. The modifications to the Special Conditions include the addition of the following: SpC 3.42 Consequential Costs recovery from the separation of the ESO term (CCt) SpC 9.21 Termination of the Operational Services Agreement Additionally, our proposed associated modifications to the RIIO-ET2 Price Control Financial Handbook and RIIO-ET2 Price Control Financial Model (PCFM) are available in the subsidiary documents below. The consultation is open for 4 weeks, until 12 February 2025. Responses should be sent to NESORegulation@ofgem.gov.uk and clearly marked where considered to be confidential. Main document Statutory consultation NGET licence modification [PDF, 222.14KB] Subsidiary documents ET2 PCFH C07 (Tracked) [PDF, 1.08MB] ET2 PCFM C06 [XLSM, 3.92MB] Response documents Statutory consultation on modifications to NGETs licence in relation to consequential costs from ESO separation - National Grid response [PDF, 1.24MB] Print this page Related links Funding National Grid’s consequential costs from the separation of the Electricity System Operator Share the page Share on Facebook Share on Twitter Share on LinkedIn Close