Our RIIO-T3 Business PlanAccessibility options: Audio described videoWe have a chance to shape a cleaner, greener future for us allPublishing our next Transmission Business Plan (RIIO-T3) is a significant milestone for our transmission business and the journey to Net Zero, enabling a more sustainable future for us all. Watch this short video with Nicola Connelly, CEO of SP Energy Networks, to find out more about our plans and the positive impact they will make across Scotland and beyond. £10.6 bnWe will invest £10.6 billion to upgrade and grow our transmission network in Central and Southern ScotlandAround 1,400New jobs created directly and supporting over 11,000 jobs across Scotland and the UK in the long term2035This plan is a key step of our journey to become a Net Zero Networks Business by 20355 YearsOn the journey to Net Zero, our plans outline our proposals for the 5 years from 2026 to 2031 (RIIO-T3 price control)Read our Business PlanWe have published a 100-page Business Plan accompanied by a suite of supporting documents including annexes and data templates.Read our Business PlanTimeline RIIO-T3 Business Plan Submission 11 December 2024 Ofgem Final Determination (FD) Expected Q4 2025 Ofgem Sector Specific Methodology consultation (SSMC) December 2023 to March 2024 Ofgem Call for Evidence window closes 10 February 2025 Stakeholder Engagement Ongoing Ofgem Call for Evidence window opens 18 December 2024 RIIO-T3 Business Plan delivery period begins April 2026 Ofgem Sector Specfic Methogolody Decision (SSMD) July 2024 Ofgem Draft Determination (DD) Expected June/July 2025 OngoingBusiness Plan Development and Stakeholder Engagement OngoingDecember 2023 to March 2024Ofgem Sector Specific Methodology Consultation (SSMC)July 2024Ofgem Sector Specific Methodology Decision (SSMD)Eleventh of December 2024RIIO-T3 Business Plan SubmissionEighteenth of December 2024Ofgem Call for Evidence window opensTenth of February 2025Ofgem Call for Evidence window closesExpected June/July 2025Ofgem Draft Determination (DD)Expected Q4 2025Ofgem Final Determination (FD)April 2026RIIO-T3 Business Plan delivery period beginsHave your sayWe want to know your views so we can deliver the best plan possible. Submit feedback via our online survey or take part in Ofgem's 'Call for Evidence' from 18 December 2024 to 10 February 2025.We will also be hosting a public RIIO-T3 webinar on 21 January 2025. Find out more and register to attend.Ofgem's Call for Evidence (live from 18 Dec) Provide feedback via our online surveyFind out more about our Independent Stakeholder Group (ISG)Our Independent Net Zero Advisory Group (INZAC) acted as the Independent Stakeholder Group (ISG) for our RIIO-T3 Business Plan. The group worked closely with teams, scrutinising both the technical plans as well as ensuring any emerging customer issues are fully considered.Find out more about our INZAC VideosWe have created a suite of explainer videos to help you find out more about our business plan:Explainer video - Investing in our network now to meet current and future needsExplainer video - Developing strategic projects to upgrade and expand our networkExplainer video - Creating an agile, resilient delivery capabilityExplainer video - Listening to our communities and stakeholdersExplainer video - Our commitment to being a responsible, sustainable businessExplainer video - Delivering value through our plan BlogsIn the lead up to publication, we shared a series of blog posts talking about the journey of developing our plan. 27/02/2024Empowering our CommunitiesBy Jillian ViolarisThis blog discussed how we support our communities in realising their low carbon ambitions, ensuring no one is left behind on the journey to Net Zero. 21/02/2024Introducing our next Transmission Business PlanBy Andrew Stanger28/03/2024Ensuring Regulation & Policy is fit for a Net Zero worldBy David Boyland29/04/2024Digitalise to DecarboniseBy Lynda Ward05/06/2024Delivering a more sustainable networkBy Lauren McCarthy26/06/2024Q&A with Angela Love, Chair of INZACBy Angela Love25/07/2024Connecting our electric futureBy Craig McTaggart03/09/2024How we ensure a secure and resilient energy supplyBy Allan Holton03/10/2024Securing our future by building resilience to cyber threatsBy Euan Birch06/11/2024Unleashing the full potential of our workforceBy Jennifer Davies18/11/2024This is how we will deliver our next Transmission Business PlanBy Nicol Gray27/22/2024Becoming a Data-Driven organisationBy Kirsty Scott04/11/2024Using innovation to accelerate industry-leading energy solutionsBy Edward MulhollandContact usPlease get in touch if you have any enquiries about our RIIO-T3 Business PlanEmail
27/02/2024Empowering our CommunitiesBy Jillian ViolarisThis blog discussed how we support our communities in realising their low carbon ambitions, ensuring no one is left behind on the journey to Net Zero.
