How we're performing under RIIO-2

From April 2021 new RIIO-2 price controls will determine the amount we can earn for the projects we deliver and the services we provide.

On this page, you will find our performance reports, which form part of our evaluative incentive scheme.

What is an evaluative incentive scheme?

Under the ESO’s evaluative incentive scheme, a Performance Panel scores how well we have delivered the objectives set out in our RIIO-2 business plan.

Our regulator, Ofgem, then converts these scores into a financial reward or penalty.

The RIIO-2 framework divides the ESO’s activities into three roles:

Role 1: Control centre operations
Role 2: Market development and transactions
Role 3: System insight, planning and network development

The reports on this page perform part of the evaluation process, and provide a transparent summary of our activities.

How we report on our progress

The Performance Panel assesses our performance according to five criteria:

Plan Delivery (completing the activities set out in the Delivery Schedule)
Metric Performance (please refer to the metrics set out by Ofgem in annex 1 of the ESORI guidance)
Stakeholder Evidence
Demonstration of Plan Benefits
Value for Money

In line with Ofgem’s ESORI guidance, we publish a report on this page every month. The reports vary in their contents and significance:

Monthly reports	Monthly (17^th working day)	An update on monthly Metrics and Regularly Reported Evidence, and notable events. We also publish the minutes of our monthly performance meetings with Ofgem
Quarterly reports	Q1: 17^th working day of July Q3: 17^th working day of January	In addition to the above, Quarterly reports also provide an update on quarterly Metrics and Regularly Reported Evidence. We also publish an updated Deliverables Tracker on a quarterly basis
Mid- year reports	17^th working day of October	In addition to the above, Mid-year reports also provide an update on six-monthly Metrics and Regularly Reported Evidence, as well as information to support our performance in relation to Stakeholder Evidence, Demonstration of Plan Benefits, and Value for Money.
Mid-scheme and End of scheme reports	7 May	In addition to the above, these reports also provide an update on annual Metrics and Regularly Reported Evidence

The Performance Panel scores the ESO’s performance every six months, and Ofgem will decide on our financial reward at the end of the two-year “Business Plan 1” period (in summer 2023).

See the latest updates from Ofgem on their website