Consultation deadline (Ofgem): System operator incentives

Responses are due by Tuesday 28 March 2006 to these Ofgem proposals (68 pages, PDF) for the price control on National Grid's electricity system operator business in Great Britain for the financial year 2006/2007.

National Grid is given a choice between two options. Option 1 would allow a more generous cost benchmark but claw back at least 90 per cent of any savings made by National Grid against that benchmark. Option 2 would start from a lower benchmark but allow the pass-through of at least 90 per cent of any overspend.

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