Secondment to RPI-X@20 review and RIIO-T1 transmission price control review (2009-2011)

Over a 21-month period Nic provided onsite consultancy support to Ofgem, with input ranging between two and four days per week. He was part of the team that reviewed Ofgem's approach to the regulation of monopoly energy networks (the RPI-X@20 review). He then worked on the first phase of the implementation of Ofgem's new regulatory framework (RIIO) for gas and electricity transmission price controls. He provided advice to Ofgem across many different aspects of price control regulation, including efficiency incentives, the information quality incentive (IQI), uncertainty mechanisms, output specification, RPI indexation and the cost of capital.

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