Future planning 2021 onwards
We’ve developed our next business plan against a background of rapid change in the energy industry. So, it’s more important than ever to hear your views about our business planning proposals and activities as they are finalised.
Future planning in a rapidly changing energy landscape
The energy sector is undergoing massive transformation. Decarbonisation, decentralisation and digitisation are shaping a new energy landscape with different types of electricity generation, more industry parties to engage with and changing consumer behaviour.
Against this backdrop, we have created a business plan for the ESO that meet the needs of current and future consumers while facilitating the rapid changes in the energy landscape.
Our final Business Plan
On 09 December we submitted our final Business Plan to Ofgem for the next RIIO regulatory price control period which will start in April 2021. The ESO became a legally separate business in April 2019 and for the first time we have our own price control. This offers a unique and exciting opportunity for us to set the direction of the business.
Our plan details:
- the services we will provide
- the investments we will make
- how we will innovate for the future
- the performance outcomes upon which we will be measured
- how our stakeholders have helped shape the proposals.
We are encouraging anyone that has an interest in what we do to get involved. We want to take account of a broad range of views about our changing industry and gain insight into what’s important to you.
You can find out more about how to get involved and our upcoming engagement plans by using the link below.
Independent scrutiny of our business plan
We have worked closely with our independently chaired ESO RIIO-2 Stakeholder Group. Their role has been to scrutinise and constructively challenge our business plan proposals and look at how we have incorporated stakeholder feedback.
The Group will submit a report to Ofgem in addition to our own business plan submission, which will be published 23 December 2019.
RIIO-2 business planning timeline and process
We have now submitted our plan and will be moving in the the agreement phase before the start of the price control in 2021.