Today, we published a statutory consultation on a proposal to modify Part A of Special Condition 7.14 (Close out of the RIIO-GT1 Entry Capacity and Exit Capacity Constraint Management incentive revenue (LCMIRt)) of National Grid Gas Plc (NGG) Gas Transporter Licence.
The proposed modification will seek to remove the windfall earnings based upon the "reasonable expectation" of NGG's performance value derived through calculations outlined in our letter 'Adjustment of National Grid Gas Plc (NGG) Capacity Constraint Management performance value for 2020/21 as part of NGG's incentive for RIIO-GT1', published alongside this statutory consultation.
Please send any views on the issues raised in this letter and the statutory consultation on or before 19 July 2021 to: Max Lambert by email to Gas.TransmissionResponse@ofgem.gov.uk.