RIIO2

Looking after your assets

RTE, owner of the largest high and extra-high voltage electricity transmission network in Europe, spends more than €800 million on asset management every year. Confronting challenges to arbitrate between maintenance and renewal policies, RTE decision makers realised they needed to create a holistic business plan, allowing them to view the impact of their decisions across multiple systems.

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Investing in the energy decarbonisation transformation benefits consumers

“This price control comes at a crucial time of tackling climate change – the most urgent challenge facing the planet with Britain well placed to be at the forefront of global efforts to reduce carbon emissions,” Pettifer (pictured) explains. “National Grid, believes this must be tackled through collaborative efforts. We need to see much greater progress in making areas like heat and transport cleaner and at a low cost for our planet and energy users. That is why our gas innovation projects are looking at how we can use hydrogen in our networks to support the low carbon transition and bring down costs for consumers. We are also making sure that the right electric vehicle charging infrastructure is in place across the country, to facilitate a rise in electric vehicles on our roads. To reduce electric vehicle range anxiety and improve uptake, we have identified 54 locations for strategic ultra-rapid charging along the motorway network. These can charge a car in the time it takes to buy a coffee. Ultimately, we need to transition to a new low-carbon, low-cost energy system where consumers can see the clear benefits of the energy transmission networks.”

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Getting green networks up to speed

Whilst substantial progress has been made in the electricity sector, the decarbonisation of transport and heat is further behind – and these two topics took centre stage at September’s Network Asset Performance Conference. In terms of switching road transport from fossil fuels to electricity, there is less concern about producing enough megawatt-hours to meet the overall increase in demand from electric vehicles (EV) than ensuring there is the network capacity to deliver the power. 

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