Network Innovation Allowance (NIA) Annual Summaries show how National Grid is delivering ‘maximum value’ for consumers.
"The aim of the reports is to show how each network is using the allowance granted to it under the NIA framework, and how the outputs are achieving tangible benefits for the energy industry"
Consumer focus, cost reduction and collaboration are the main themes running through National Grid’s latest round of NIA reports.
Every summer, the business publishes reports for all three of its regulated networks – Gas Transmission, Gas Distribution and Electricity Transmission – under its obligations to industry regulator Ofgem.
The aim of the reports is to show how each network is using the allowance granted to it under the NIA framework, and how the outputs are achieving tangible benefits for the energy industry. Although each network focuses on its own specific challenges in the 2015/16 reports, there are several common messages to emerge across all three.
These include focusing on innovation that will deliver better value for energy consumers, building on collaborative relationships with specialist partners and applying lessons learned from the previous years to future plans.
Nicola Shaw, Executive Director for National Grid in the UK, said: “Over the past 12 months, we’ve concentrated on delivering maximum value through our innovation projects, using new technology and specialist partners to deliver genuine benefits for the industry and, most importantly, consumers. We will strive to become even better in future, building on our successes so far to deliver greater value.”
The reports for all three networks can be downloaded from the National Grid website here.