The Authority is currently considering how to assess the applications we expect to receive next year under the Innovation Roll-out Mechanism (IRM). Licensees will need to demonstrate that the roll-out of a proven innovation will deliver financial as well as low carbon and/or other environmental benefits for it to be eligible for funding.
In response to this letter we would like transmission and distribution licensees and other interested parties, to consider how licensees should quantify, with a high degree of certainty, the benefits of rolling out a proven innovation under the IRM.