Projects
Projects: Projects for Investigator |
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| Reference Number | NIA_NGGT0099 | |
| Title | Gas Transmission Network Output Methodology Analytics | |
| Status | Completed | |
| Energy Categories | Fossil Fuels: Oil Gas and Coal(Oil and Gas, Refining, transport and storage of oil and gas) 100%; | |
| Research Types | Applied Research and Development 100% | |
| Science and Technology Fields | SOCIAL SCIENCES (Business and Management Studies) 50%; ENGINEERING AND TECHNOLOGY (Mechanical, Aeronautical and Manufacturing Engineering) 50%; |
|
| UKERC Cross Cutting Characterisation | Not Cross-cutting 100% | |
| Principal Investigator |
Project Contact No email address given National Grid Gas Transmission |
|
| Award Type | Network Innovation Allowance | |
| Funding Source | Ofgem | |
| Start Date | 01 August 2016 | |
| End Date | 01 August 2017 | |
| Duration | 12 months | |
| Total Grant Value | £115,000 | |
| Industrial Sectors | Technical Consultancy | |
| Region | London | |
| Programme | Network Innovation Allowance | |
| Investigators | Principal Investigator | Project Contact , National Grid Gas Transmission (100.000%) |
| Web Site | http://www.smarternetworks.org/project/NIA_NGGT0099 |
|
| Objectives | The project objective is to pilot and select a monetised risk model (s) for trial on several asset categories. Complete research and pilot of a suitable methodology on two asset types. Produce plan for the implementation new methodology. | |
| Abstract | National Grid Gas Transmission (NGGT) is looking to develop a new approach to managing asset maintenance and replacement. The approach known as Monetised Risk will allow NGGT to identify the commercial value in delivering its investment programmes and interventions to all relevant stakeholders and trade between investment options accordingly. Across all electricity network operators and gas distribution operators significant progress has been made to develop new methodologies that will allow the asset health of their networks to be described with the use of a financial value. NGGT intends to research the various approaches, pilot the methodology on two assets either primary or secondary and develop a plan to develop a suitable methodology across all NTS assets. The nature of the NTS assets and operations means that certain risk elements have to be approached in a unique way and certain asset categories are particularly complex and could exhibit a number of different failure modes. The project looks to research and evaluate the suitability of the financial risk value methodologies; initially reviewing the range of approaches to risk across utilities. These evaluations will assess the suitability of the methodology to determine the financial risk values across the NGGT asset base and identify the necessary data to support a consistent reporting approach to Ofgem and Stakeholders. The project will then pilot a suitable methodology on two primary or secondary assets and run several scenarios under each. The project then looks to assess and plan requirements to implement changes to the NGGT current methodology based on prioritisation of the asset groups.Note : Project Documents may be available via the ENA Smarter Networks Portal using the Website link above | |
| Publications | (none) |
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| Final Report | (none) |
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| Added to Database | 20/08/18 | |
