You also need to consider that there is regulated and unregulated revenue. Networks may be funding this through unregulated (shareholder or profits from contracted works).
Great point Chris. Definitely a possibility - my take was that's very difficult (if not impossible?) to tell from the outside looking in if it's covered through the regulated opex. If it is covered, the networks would sensibly use the regulated opex and keep the unregulated revenue. It being funded through unregulated revenue or profits is a sensible outcome to me.
In my years attending ENA meetings it was never an easy fit between gas and anybody, transmission and distribution, any generation/retail and distribution ( which is where retail sat) right up until the brain fart that saw retail competition introduced before the dust had settled on the wholesale NEM.
You also need to consider that there is regulated and unregulated revenue. Networks may be funding this through unregulated (shareholder or profits from contracted works).
Great point Chris. Definitely a possibility - my take was that's very difficult (if not impossible?) to tell from the outside looking in if it's covered through the regulated opex. If it is covered, the networks would sensibly use the regulated opex and keep the unregulated revenue. It being funded through unregulated revenue or profits is a sensible outcome to me.
In my years attending ENA meetings it was never an easy fit between gas and anybody, transmission and distribution, any generation/retail and distribution ( which is where retail sat) right up until the brain fart that saw retail competition introduced before the dust had settled on the wholesale NEM.