The project involved advising on the regulatory framework.  Assurance and oversight was provided in three key specialisms :

 

• Network Regulation – approach to asset management, performance monitoring, risk assessment, asset modelling and plan balancing

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• Financial Regulation – financial modelling and link to K-factors

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• Comparative Efficiency & Performance – setting efficiency targets, operational and capital, and related economic and regulatory issues

 

The process involved NIAUR preparing briefs on its regulatory proposals.  These were then reviewed by the committee members prior to review meetings where the proposed approaches were subject to robust challenge prior to publication. 

 

ICS was appointed as the lead for Comparative Efficiency and Performance.  However our role involved providing oversight across the three key specialisms.