The network takes the electricity from generators and transports it over long distances for ultimate distribution to homes and businesses in cities, towns and villages. All the activities in this process is regulated by Ofgem and this includes the outputs that needs to be delivered to consumers and the associated revenues that they are allowed to collect.
Scottish and Southern Electricity Networks (SSEN) recently published their draft Business Plan which is based on Certain View of £2.2bn expenditure to meet the certain needs of current and future customers and consumers for to deliver the UK’s commitment to net zero. Now the objective is to enable the transition to the low carbon economy.
This investment has been modelled as their Proactive De-carbonization Scenario which will keep temperature increases below 1.5 degrees.
Scottish and Southern Electricity Networks (SSEN) major goals include:
- Transport the renewable electricity that powers 10 million homes
- 100% network reliability for homes and businesses
- Every connection delivered on time
- One third reduction in SSEN Transmission’s greenhouse gas emissions
- £100m in efficiency savings from innovation
As part of Ofgem’s consideration of the final plan, the regulator will consult with stakeholders during 2020 before determining what level of investment should be taken forward from 2021 through to 2026.
As per the estimates, by 2026, the average domestic household will pay approximately £7 for the north of Scotland transmission network.
Advances in technology are providing new and cost-effective ways of decarbonizing our energy systems, creating new possibilities for the generation and use of electricity.
The need to de-carbonize energy systems is driving the development of low carbon technologies.
This is giving opportunities across the whole of the energy system for new consumer technologies, such as electric vehicles (EV), heat pumps and smart meters moreover it is increasing volumes of Distributed Energy Resources (DERs) such as solar, energy storage and wind.