Case study: How National Grid optimizes asset management
How the National Grid Electricity Transmission achieved a complete view of interventions and expenditure
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The National Grid Electricity Transmission (NGET) owns the high-voltage electricity transmission network in England and Wales. The company manages more than sixty thousand assets and delivers an investment plan of £800 million – £1 billion a year.
This plan includes asset management work such as asset replacement or refurbishment due to the assets’ condition, risk or age, the connection of new and existing customers to the network, as well as policy-based maintenance.
NGET is at the heart of a changing energy system. The company is playing a pivotal role in helping the UK reach net zero by investing in the network to connect more low carbon electricity to the grid.
NGET realized that adapting its asset management approach and improving its understanding of risk and value would be key to maintaining the reliability of the network and supporting net zero goals.
Download this case study to learn how National Grid achieved a complete view of interventions and expenditure, including all maintenance and customer connection/network growth activities. You’ll gain unique insight into how the NGET developed a new circuit optimization capability that allows it to bundle asset interventions and minimize circuit outage requirements.
Key takeaways include:
- Driving higher value plans.
- Reducing maintenance.
- Improving planning efficiency.
- Reducing annual outage costs.
