The energy landscape is undergoing a revolution, with changing generation and demand patterns driving the need for substantial network investment in order to reach the UK government's Net Zero Target by 2050.
We have worked with industry during the development of our Early Competition Plan. We submitted our plan to Ofgem in April 2021 and we are continuing low regret work whilst we await Ofgem's decision later in 2021.
What is an 'Early Competition Plan'?
Early competition refers to competition that occurs prior to the detailed design, surveying and consenting phases of solution development. This means organisations could compete for the design, build and ownership of onshore transmission solutions. Early competition will help encourage new ways of working and aims to seek the best solutions at a fair cost for consumers.
Find out more about our zero-carbon ambition.
We have worked with partners from in and outside the energy industry to identify how competition could be introduced to cocreate our proposals. Our Early Competition Plan describes an end-to-end process of how early competition may work, proposing how models for early competition could be implemented and outlines the roles and responsibilities of all parties in the end-to-end process. More details about the project, and how we have worked with our stakeholders to form our proposals can be found on our key documents page.
What happens next?
Ofgem is currently reviewing our Early Competition Plan submitted in April 2021. They will be conducting their own research and we are expecting a decision from them later in 2021 whilst we await Ofgem's decision which is anticipated in early 2022. More information can be found in Ofgems open letter published 25 May 2021.
