National Grid begins consulting on network investments to be made from 2021

National Grid has submitted draft RIIO-T2 business plans for electricity and gas transmission to its independent user groups and Ofgem's RIIO-2 Challenge Group, it announced on Tuesday.

The FTSE 100 energy infrastructure operator said they were initial plans, designed to invite feedback from a range of stakeholders on the possible investments that could be made in the five years from April 2021.

“We have a critical role in the rapid change in our energy systems during this period, reducing carbon emissions significantly and delivering long-lasting benefits for consumers and society, whilst maintaining highly reliable and resilient networks,” the National Grid board said in its statement.

It explained that, following stakeholder feedback, it expected to refine the plans over the course of 2019, before submitting the final business plans to Ofgem in December.