NGN Business Plan Update

We received Final Determination for our business plan in December 2020.  The publication of the Final Determination means we are now at the end of Ofgem’s process for RIIO-GD2. While the overall outlook remains very challenging financially, we have clarity on what we need to deliver against across the next five years as the outcome from Ofgem is now in-line with our expectations.

This clarity means that we can continue with our work around our transition from RIIO1 into RIIO2 and we are on track to begin delivering on RIIO2 from April this year.

We will keep you updated on our next steps as we move towards RIIO2.