CNAIM Asset Risk Modelling – Implementation and Opportunities

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CIRED 2019 - 889.pdf (427.73 KB)

Paper number

889

Working Group Number

Conference name

CIRED 2019

Conference date

3-6 June 2019

Conference location

Madrid, Spain

Peer-reviewed

Yes

Short title

Convener

Authors

Sadnicki, Stefan, Copperleaf , Spain
Liu, Sheng, Strategic Asset Management Consulting, United Kingdom

Abstract

The Common Network Asset Indices Methodology (CNAIM) is a common framework of asset risk models developed jointly by all Electricity Distribution Network Operators (DNOs) and their regulator OFGEM (Office of Gas and Electricity Markets) in Great Britain (GB) as part of the standard electricity distribution license. Not only does CNAIM provide a common framework for asset risk modelling across Great Britain, it also facilitates better communications between different operators, supports justification of complex asset investment, allows cross asset class trade-offs and can be used as part of a broader investment planning process.This paper presents the CNAIM initiative and discusses the constraints and challenges faced in the process of creating a meaningful common framework. We then briefly consider global adoption of CNAIM and related asset risk modelling methodologies. Finally, we discuss opportunities for using asset risk methodologies as part of an investment planning process that supports the organisation’s entire investment portfolio (e.g. risk driven, load growth, customer, IT, health and safety, fleet etc.).

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Keywords

Publisher

AIM

Date

2019-06-03

Published in

CIRED 2019 Conference

Permanent link to this record

https://cired-repository.org/handle/20.500.12455/185
http://dx.doi.org/10.34890/359

ISSN

2032-9644

ISBN

978-2-9602415-0-1