Pensions Regulatory Instructions and Guidance
- Publication type:
- Guidance
- Publication date:
- Topic:
- Electricity transmission,
- Electricity distribution,
- Gas transmission,
- Gas distribution
Guidance and templates for distribution and transmission network operators to enable them to complete their three-yearly pension reporting requirements.
Details
The Pensions Regulatory Instructions and Guidance (RIGs) provide energy network companies with a comprehensive source of information on Ofgem's regulatory treatment of defined benefit pension schemes under RIIO price controls.
The guidance sets out the requirements, expectations and processes for reporting pension information to Ofgem. This includes the reporting of pension deficits and surpluses and their allocation between stakeholders. It explains:
- the purpose of pension reporting
- the information and supporting evidence companies need to submit
It also explains how we use this information to assess pension costs, funding arrangements and associated regulatory allowances.
The RIGs aim to promote consistent, transparent and comprehensive reporting. This supports regulatory assessment and helps ensure pension costs and benefits are appropriately reflected in network charges.
The RIGs contain:
- instructions, guidance and methodology on how to report data
- triennial pension reporting pack
- licensee questionnaire