Ofgem has today confirmed it is recommending that SSE's electricity transmission business, Scottish Hydro Electric Transmission Ltd (SHETL), is fast tracked under the RIIOT1 process for the Transmission Price Control period April 2013 - Mar 2021. Ofgem will now publish its proposals on the business plan1 put forward by SHETL.
The central case of SHETL's business plan is a £1.1bn
capital investment programme, with the flexibility to
increase this by up to a further £4bn if required, to
upgrade the transmission network in the north of Scotland
during 2013 - 2021. SHETL will now develop a full
implementation plan and present this to stakeholders in the
summer.
The 2013 - 2021 Transmission Price Control review is the
first to include a fast track option. SHETL's business plan
was confirmed as being retained in the fast track process
in October 2011.
Mark Mathieson, SSE's Managing Director, Networks said:
"Ofgem's decision is a major step forward in our plans to
deliver the major capital investment programme required for
the transmission network in the north of Scotland, that
will facilitate the expected growth in renewable generation
over the next decade.
"The fast tracking of SHETL's business plan means we can
now focus on delivery; confident that the required funding
is in place, a clear mechanism has been created to deal
with the uncertainties of investing over this time frame,
and that an overall positive investment climate has been
established."
1. A copy of the full business plan can be viewed
at:
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