Heat pump and energy efficiency scenarios. Rising Mains and Laterals Strategy Our strategy for the management of rising and lateral mains assets through the ED1 period. The Directors have reviewed the thorough assurance process in place within the Group with regards to the preparation, verification and approval of financial reports. We have nothing to report arising from this matter. Our Plan — Chapter 9.

During the year ended 31 March we undertook surveys to understand in more depth the requirements of vulnerable customers. The IIS has the opportunity for companies to increase their RoRE, the financial return achieved by investors during the price control period. Independent assessment to confirm that the process used to correct and amend the asset volume information in both SPD and SPM is robust, effectively implemented and results in a more accurate regulatory asset count. One of our key values is innovation, which includes how we approach problems to find new solutions. The hope is that these will feed back into the everyday behaviour of utilities. Load Related Investment Strategy.

These matters busjness addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Distribution Business Plan Supporting Annexes – SP Energy Networks

Our job is to keep electricity flowing safely to our customers’ homes and businesses, keeping the lights on 24 hours a horth, seven days a week.

Time to Connect Incentive for smaller customer connections that gives a financial reward of up to 0. Each DNO resubmits a business plan.

A resulting action from the process has been the introduction of programmed “deep dive” sessions through the year to explore key issues in depth with the Executive Leadership Team. Rijo independent assessment to confirm that the process used to correct and amend the asset volume information in both SPD and SPM is robust, effectively implemented and results in a more electrucity regulatory asset count.


Although not required to do so, the directors have voluntarily chosen to make a corporate governance statement detailing the extent of their compliance with the UK Corporate Governance Code. The Board has an extensive workload and therefore has delegated the detailed oversight of certain items to six standing Committees and two ad-hoc Committees:.

The amendment adds disclosure requirements for impaired assets and assets with recoverable amounts based on fair value measurements. GBP88,as well as differences below that threshold that, in our view, warranted reporting on qualitative grounds.

Electricity North West

The Innovation Rollout Mechanism IRM is to provide companies a way to de-risk the rollout of an innovation that may not provide sufficient company benefits, but would provide electrucity environmental benefits. Initiatives continue to be undertaken to improve performance under the Index, for example, engaging the supply chain in a range of social, environmental and economic issues and including sustainability within tender documents.

electricity north west riio business plan

Operating lease rentals are charged to the Income Statement on a straight-line basis over the period of the lease. Depreciation methods and useful lives are re-assessed annually and, if necessary, changes are accounted for prospectively. Leave This Blank Too: In the year ended 31 Marchthe number of near misses reported by Electricity North West employees was 9, reported, this compared with 4, in the previous year and significantly outperforming the target of 5, More than 1, colleagues have now taken part in the training sessions, including jointers, engineers, excavation teams and reinstatement teams.

Electricity North West reportedly up for sale

The Directors do not propose a final dividend for the year ended 31 March 31 March A final draft is reviewed by the Audit Committee before being recommended to the Board for approval. There are currently no formal hedging relationships in the Group. The results of subsidiaries acquired or disposed of during the year are included in the Consolidated Income Statement from the effective date of acquisition or up to the effective date of disposal, as appropriate.

The embedding of new structure announced last year and ongoing behavioural leadership training continues to improve the climate and therefore improve the business performance. Where turnover received or receivable in the year exceeds the maximum amount permitted by regulatory agreement adjustments will be made to future prices to reflect this over-recovery; no liability is recognised as such an adjustment to future prices relates to the provision of future services.


Electricity North West reportedly up for sale – Utility Week

We routinely inspect the network and these inspections inform our maintenance and asset replacement programmes taking load and customer numbers into account. He has a wealth of experience and knowledge, particularly in the utilities sector, having also been Chief Executive of Manweb in An independent assessment of SPEN investment proposals, documenting the alternatives to conventional reinforcement and providing an outline justification for the use of the new solutions.

electricity north west riio business plan

During the year ended 31 Marcha range of projects have been completed that improves network resilience for of these Worst Served Customers. This is currently beyond the capacity of any individual or current electrixity methodology.

Given the enormous changes underway it seems that benchmarking as a way to encourage innovation, could be argued, as being too constraining. Chris Dowling was, until DecemberChairman of Challenger – Europe with particular responsibility for Challenger’s European Infrastructure investments.

electricity north west riio business plan

The Group’s treasury function operates with the delegated authority of, and under policies approved by, the Board. There is a risk, electriclty to the complexity of the financial instruments, that they are incorrectly valued, accounted for or disclosed, resulting in a material error in the financial statements or a material elecgricity deficiency.

Again, this is more to do with traditional efficiency measures rather than for future networks. The hope is that these will feed back into the everyday behaviour of utilities.