SO Incentives Consultation

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Presentation transcript:

SO Incentives Consultation

SO Incentives Consultation Process Ofgem’s open letter (1 Nov) explained change in gas and electricity incentives consultation process this year Ofgem has already consulted on ‘Initial Thoughts’ in August Trialling National Grid consulting on its own “Initial Proposals” in December Ofgem will consult on ‘Final Proposals’ in February

Consultation Scope - Gas Consultation will put forward proposals for the following ‘shallow’ gas incentives System Balancing – NTS Shrinkage System Balancing – Operating Margins Residual Balancing Demand Forecasting Information Systems To apply from 1st April 2008

‘Initial Proposals’ Process Consultation issued 7th December 2007 Industry workshop 10th January 2008 Covers gas and electricity proposals Opportunity for industry engagement Consultation closes – 25th January 2008 We are keen to get industry engagement and input into this process Consultation and supporting information will be published at http://www.nationalgrid.com/uk/Gas/soincentives/ Register for workshop by emailing Bea.Ennim@uk.ngrid.com