As we deliver our ambitious £2.4bn RIIO-T2 programme our stakeholders will expect to see evidence of progress in delivering the benefits promised by this investment.

In RIIO, this is achieved by setting and reporting on clearly defined Output measures and driving delivery through Incentives, including the Consumer Value Proposition (CVP).

This paper provides stakeholders clarity on each, bringing all our outputs into one central source, as well as our approach to Innovation which will play a central role in delivering our RIIO-T2 outputs.

Regulatory Framework - Outputs, Incentives and Innovation