Frazer-Nash is a leading
provider of independent, impartial advice and assistance to
electricity regulator OFGEM.
As energy networks around the world evolve, so too do the
incentives, risks and trade-offs for network and system operators.
With the UK's RIIO approach (Revenue = Incentives + Innovation +
Outputs), the industry is moving towards innovation-based
regulation, with an increased drive for customer and stakeholder
engagement.
We have worked with the regulatory authority, providing advice
to help them understand their regulatory submissions from both a
technical and commercial viewpoint. We have undertaken commercial
benchmarking exercises on behalf of the regulator, as well as in
depth technical analysis.
A deep technical knowledge of the evolving regulatory
requirements and the future power systems architecture provides a
strong foundation for our work. Our experience and thorough
understanding of the operations of the electricity network
businesses, and our ability to develop credible future scenarios
and undertake sophisticated analysis enable us to provide support
to clients, and we have the capability to manage large regulatory
programmes.
Our skills and services
We have expertise and capability in many specific elements of
energy technologies and systems:
- Process life cycle considerations, including materials, asset
management and proactive operation and maintenance regimes
- Supply chain knowledge
- Detailed knowledge of capital expenditure (CAPEX), operating
expenditure (OPEX) and total expenditure (TOTEX) or equivalent
- Process mass and energy balance calculations, including energy
efficiency calculations
- Life cycle assessments
- Modelling and simulation
- Techno-economic analyses
- Instrumentation and measurement
- Monitoring and trials
- Understanding of ancillary support equipment of the
technology
- UK and international capability - experience of working in the
UK and internationally, and familiarity with UK, EU, and
International Electrotechnical
- Commission (IEC) standards