The Utility Regulator (UR) published Gemserv’s assessment of Northern Ireland Electricity (NIE) Networks’ proposed ICT expenditure over the next 6.5 years on 30th June 2017. The analysis supports the UR’s Final Determination of the NIE Networks’ price control for the period 2017-2024 (RP6). The price control defines NIE Networks’ allowed revenues to build, operate and maintain its transmission and distribution electricity network over 6.5 years. This determination follows a consultation upon the Draft Determination.
Gemserv were responsible for reviewing the non-network information and communications technology (ICT) aspects of NIE Networks’ proposals and advising the UR. We engaged with the regulated company and prepared three reports for the UR. The impact of our recommendations is an estimated £11.75m saving to Northern Irish electricity customers over the 6.5 years of RP6, relative to the company submission.
The UR is consulting upon the NIE Networks licence modifications arising from this price control review.
Alex Goody, Director of Business Development and Consultancy, said “Gemserv’s Vision is to ensure complex markets work for everyone’s benefit. We were delighted to support the UR in determining an efficient level of revenue, building on our work during the previous price control RP5. It shows our expertise in working with a regulator to drive real benefits for the final customer.”