Approval criteria and incentive mechanisms RP5 Capex Fund 3 (Investments for Renewable Electricity)
The Utility Regulator today publishes a consultation paper explaining how we intend to assess requests for particular capital expenditure (‘capex’) funding made by NIE T&D. The paper specifically addresses capex requests to be made under RP5 Fund 3 (renewables and interconnection). Further details of the proposals are contained in our RP5 Draft Determination.
The paper covers the regulatory principles we intend to apply and the process we propose to follow. The criteria we will consider at each stage are described. We have also provided information about how we intend to incentivise NIE T&D to construct these assets in an efficient manner.
We have not posed specific questions in this paper, but instead invite comments on any aspect of the paper or related matter.