Ofgem recommends SHETL Business Plan

RNS Number : 9997V

SSE PLC

23 January 2012

 



SSE plc

Ofgem recommends SHETL business plan

for 2013 - 2021 Transmission Price Control

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." 

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1. A copy of the full business plan can be viewed at: www.ssepd.co.uk/Projects/TransmissionPriceControlReview/

 

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