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Our Future Business Plan

Regulatory Financial Performance Reporting (RFPR)

NGED Headlines for 2022/23
Average cost per day to the NGED average domestic customer (excluding Supplier of Last Resort amounts) £0.27p
Network Availability 99.995%
Total Expenditure (Totex)£1,227m
Network Asset Indices Performance 114%
Return on Regulatory Equity (RoRE) - RIIO ED1 Period10.5% 

We present the 2022/23 Regulatory Financial Performance Reporting (RFPR) templates and commentary for National Grid Electricity Distribution (NGED). These documents contain information for the four Distribution Network Operators (DNOs) owned by NGED; NGED West Midlands (WMID), NGED East Midlands (EMID), NGED South Wales (SWALES) and NGED South West (SWEST).

Ofgem introduced Regulatory Financial Performance Reporting (RFPR) in October 2018 and published licensees’ completed 2017/18 RFPR templates for the first time in March 2019. NGED has published its RFPR annually since then. The purpose of the RFPR is to provide a framework to allow Ofgem to collect accurate and consistent information from licensed network operators.

NGED continues to promote transparency of performance and returns as a way of demonstrating the legitimacy of energy network returns. We hope this report provides clear and transparent reporting on NGED’s financial and operational performance, including NGED’s performance against incentives under the RIIO price control arrangements.






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