As part of the RIIO price controls we have introduced the Network Innovation Allowance (NIA). The NIA is a set allowance each RIIO network licensee receives as part of their price control allowance.
The NIA provides limited funding to RIIO network licensees to use for two purposes:
- To fund smaller technical, commercial, or operational projects directly related to the licensees network that have the potential to deliver financial benefits to the licensee and its customers; and/or
- To fund the preparation of submissions to the Network Innovation Competition (NIC) which meet the criteria set out in the NIC Governance Document.
Licensees are required to publish their Project Registration Information and regular updates on all projects on the Energy Networks Association portal: Smarter Networks Portal.