Projects
Projects: Custom Search |
||
| Reference Number | NIA_UKPN0100 | |
| Title | Trading Connections: Exploring a novel approach to connections queues | |
| Status | Started | |
| Energy Categories | Other Cross-Cutting Technologies or Research (Demographics) 10%; Other Power and Storage Technologies (Electricity transmission and distribution) 80%; Other Cross-Cutting Technologies or Research (Energy Economics) 10%; |
|
| Research Types | Applied Research and Development 100% | |
| Science and Technology Fields | ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering) 100% | |
| UKERC Cross Cutting Characterisation | Not Cross-cutting 100% | |
| Principal Investigator |
Project Contact No email address given UK Power Networks |
|
| Award Type | Network Innovation Allowance | |
| Funding Source | Ofgem | |
| Start Date | 01 February 2024 | |
| End Date | 31 August 2025 | |
| Duration | ENA months | |
| Total Grant Value | £773,000 | |
| Industrial Sectors | Power | |
| Region | London | |
| Programme | Network Innovation Allowance | |
| Investigators | Principal Investigator | Project Contact , UK Power Networks (99.998%) |
| Other Investigator | Project Contact , Eastern Power Networks plc (0.001%) Project Contact , South Eastern Power Networks plc (0.001%) |
|
| Industrial Collaborator | Project Contact , UK Power Networks (0.000%) |
|
| Web Site | https://smarter.energynetworks.org/projects/NIA_UKPN0100 |
|
| Objectives | This project looks to develop a solution to:· Enable appropriate visibility of the UK Power Networks" connections queue; and· Facilitate commercial discussions between customers around trading queue positions if benefit can be demonstrated.This will be done by:· Carrying out best-in-class engagement with customers, stakeholders, other industries and Ofgem to define the requirements for how the solution will work, how data will be exchanged, and how we will ensure the system will conform to security, data privacy and regulatory requirements. This will make up the bulk of the first phase of the project, and include completion of a desktop design. A comprehensive engagement plan and approach will be developed, and will include meetings with all stakeholders identified. Stakeholders will influence the initial design, and have the opportunity to iteratively review and test the design and product; and· Developing and trialling the digital solution which meets the requirements set out in the first phase. This will be carried out after successful completion of the first phase.If successful, the solution will be deployed into business-as-usual operation and the solution will be available for all UK Power Networks" connections customers. The learnings from this project, if successful, could then be taken up by other DNOs and the approach could then be used across the UK.Data Quality Statement:It is a requirement of this project that data quality is taken into consideration when building the solution. The information accessible in the solution is intended to be used to make commercial decisions. Therefore, data accuracy (and a management plan to ensure it is maintained) is paramount. The project will carry out and publish a data risk assessment. The project scope and approach is to carry out workstreams 1 and 2 in the first phase, then workstreams 3 and 4 following a go/no go decision at the end of the first phase.Workstream 1: Conceptual design and platform requirements· Review of adjacent industries, such as financial markets and shipping industry as well as electricity distribution networks in other countries.· Engagement with relevant internal stakeholders· Customer and regulator engagement to understand pain points in process and support the initial development of the new process. Engagement points will be before, during and after the completion of the conceptual design.· Data plan carry out a detailed data risk assessment and plan for how we will ensure data is correctly managed in the system.· Conceptual design including documenting the new customer process.· Develop detailed cost-benefit analysis (CBA) for the solutionWorkstream 2: Procurement· Prepare procurement documentation to identify a delivery partner to build the solution (a system to hold up to date information of connection offers and capacity allowing visibility, as well as customer-facing portal to allow customers to initiate trading of position in queue).· Recruit a delivery partnerWorkstream 3: Development and testing of solution· Development of the solution· Development of external website to provide route to trading system· Development of trial plan. This will include defining the trial approach, how the trial will work and success criteria for the trial.· Execution of trial for selected area.· Feedback gathering from customers and stakeholdersWorkstream 4: Preparation for deployment· Identify the arrangements required for enduring solution.· Preparationof internal and external documentation required for ongoing use. To increase the speed of connections to the network, improve satisfaction of customers and improve visibility of network capacity. There are three sub-objectives that form part of successful project delivery, where steps two and three depend on a successful delivery of Workstream 1 and Workstream 2 (go / no go decisions).1. Identify the solution requirements:a. Analysis of adjacent markets; andb. Engagement with customer and stakeholder to gain a greater understanding of needs and wants.2. If value can be shown, Develop the proof of concept solution and trial approach.3. If proof of concept developed, solution tests carried out trial and gather feedback from stakeholders. | |
| Abstract | This project will investigate a novel approach to increase the speed of connections to the network. The project aims to enable appropriate visibility of the UK Power Networks connections queue; and facilitate commercial discussions between customers around trading queue positions if benefit can be demonstrated. | |
| Data | No related datasets |
|
| Projects | No related projects |
|
| Publications | No related publications |
|
| Added to Database | 19/09/24 | |
