Regulation Flashcards
1
Q
What is RIIO?
A
‘RIIO’ stands for:
Revenue = incentives + innovation + outputs
It was introduced to ensure that network companies deliver value for money while maintaining a focus on innovation and sustainability in their operations.
2
Q
What are the objectives of RIIO?
A
Customer focus
Efficiency
Sustainability
Innovation
Recent changes: RIIO-2 focuses on investment in greener , more energy efficient networks, aligning with UK’s net zero ambitions
3
Q
In terms of ESG, what considerations should water companies prioritise and how would you advise them?
A
