In line with our Electricity System Operator (ESO) regulatory and incentives framework, the ESO published a report on 7 May containing evidence of its performance for the 2020-21 regulatory period.
In June, the ESO Performance Panel convened to assess the ESO’s performance for 2020-21. Following this, we have reviewed the End of Year Report and have considered the ESO Performance Panel’s recommendation and other monitoring and stakeholder evidence to decide on a financial incentive for the ESO's performance over 2020-21.
This letter sets out our decision and direction on the financial incentive value for the ESO for 2020-21.