Innovation is a key element of the existing RIIO (Revenue = Incentives + Innovation + Outputs) price control mechanism. One of the principal processes to encourage innovation in the energy industry is through an annual competition for funding known as the Network Innovation Competition (NIC), which is provided to Networks by the regulator, Ofgem.
This year we, the Network Licensees, are launching a joint call for NIC ideas to be taken forward into the 2019 competition. As part of the Gas and Electricity Network Innovation Strategies, the Great Britain (GB) networks have committed to working closely together to ensure the benefits of new technologies and processes are realised across the whole energy system. The Networks are committed to delivering high-quality innovation projects that deliver value for money for customers, and we want to work with other innovators in the energy industry to help us deliver this. As such, we want to hear about new, innovative and low carbon solutions to the priority areas that we have identified in our strategies. We would like to invite you to propose your innovative project ideas to us, so that we can take them forward and trial them on the networks.
While this call is directly focused on NIC scale ideas, third parties looking to work with the networks on smaller technical, commercial, or operational projects can submit these proposals on the ENA’s Network Innovation Collaboration Portal.
The closure date for registering initial interest is 19/10/2018. Please note office open hours are between 9am and 5pm Monday to Friday.
Find out more about this call for innovation here.