As part of the RIIO price controls we introduced the Electricity Network Innovation Competition (NIC).
The Electricity NIC is an annual opportunity for electricity network companies to compete for funding for the development and demonstration of new technologies, operating and commercial arrangements. Funding will be provided for the best innovation projects which help all network operators understand what they need to do to provide environmental benefits, reduce costs, and maintain security as Great Britain (GB) moves to a low carbon economy. Up to £70m per annum is available through the Electricity NIC.
The 2019 Competition
This year’s Initial Screening Process deadline will be 3pm on Friday 29 March.