Future planning 2021 onwards
We’re developing 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 activities.
Future planning in a changing energy landscape
The energy sector is undergoing massive transformation. Decarbonisation, decentralisation and digitalisation 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 need to create 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 next business plan
We’re currently preparing our business plan for the next RIIO regulatory price control period, starting in April 2021. When the ESO becomes a legally separate business in April 2019, it will be the first time we’ve had our own price control. This offers a unique and exciting opportunity for us to set the direction of the business. Our plan will detail:
the services we’ll provide
the investments we’ll make
how we’ll innovate for the future
the performance outcomes upon which we’ll be measured
how our stakeholders have helped shape the proposals.
We’re 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.
Independent scrutiny of our business plan
We’re working with our independently chaired ESO RIIO-2 Stakeholder Group. Their role is to scrutinise our business plan and look at how we’ve incorporated stakeholder feedback.
The Group will submit a report to Ofgem in addition to our own business plan submission.
RIIO-2 business planning timeline and process
We are required to submit our business plan to Ofgem by the end of 2019 for the regulatory price control period beginning in 2021.