Deregulation
Today's evolving regulatory environment places several demands on asset owners adopting utility networks. As well as adapting to facilitate competition, they must also meet rigorous performance standards.
Role of the Asset Owner
- Ensure the reliability and safety of the existing network and those connected to it meet performance standards
- Ensure a lifetime cost of their assets - circa 40 years
- Manage the return on asset investment
- be correctly installed
- be capable of 40+ years operating life
- not harm existing network performance
The Utilities Regulators
To satisfy the regulators (OFGEM and OFWAT), asset owners must satisfy:
- Health & Safety standards
- Hygiene requirements
- Acceptable standards for asset adoption
- Transparency and open communication with Independent Connection Providers