Modification of National Grid Gas Plc (NGG) Gas Transporter Licence to change Part A of Special Condition 7.14
Decision
- Publication date
- Company
- National Grid Gas Plc
- Licence type
- Gas Transporter Licence
We have decided 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
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', which was published alongside our Statutory Consultation.
Responses to our statutory consultation
We received one non-confidential response to our Statutory Consultation from National Grid Gas Plc (NGG), which has been published on our website alongside the Statutory Consultation notice.