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Comprehensive Overview of GRI Investment Project by Adam Cooper: Milestones and Stakeholder Insights

This document provides an in-depth overview of the GRI Investment Project led by Adam Cooper, detailing its background, rationale, and key stakeholder roles. It covers core group activities, including the assembly of investment rules and running a virtual test to explore signalling concepts. The overview also highlights milestones achieved, including regulatory models and outcomes of investment assessments. The challenges faced and future directions are discussed, emphasizing the need for ongoing stakeholder engagement and policy responsiveness as the project evolves.

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Comprehensive Overview of GRI Investment Project by Adam Cooper: Milestones and Stakeholder Insights

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  1. GRI Investment ProjectA-ZAdam Cooper EFET Stockholm 24 September

  2. Introduction • Provide a brief run through of the project to date • Rationale • Stakeholders • Core Group Activities • Milestones • Conclusions

  3. Recall • Reason for a Virtual Test • A non-threatening way to test different concepts of signalling investment • A trigger for discussion • A classroom to learn lessons

  4. Background Who are the stakeholders?

  5. Stakeholders • What do they want and what do they contribute? • Regulators – protect consumers and determine the investment test • TSOs – to maximise investor value and deliver an investment model within the Regulatory rules • Shippers – maximise value by obtaining the rights to move gas efficiently primarily by signalling efficient levels of capacity demand

  6. Core Group Activities • Assembling the investment rules • Extensive work to bring together the rules for four VT countries • Describe the project • Naturally limited but real enough for a test • Allow shippers to bid • Run the VT bidding and report as inputs to the investment model

  7. Core Group Activities • The investment assessment • Produce indicative outcomes and discover any flaws • Adjust rules where necessary to test shipper reactions

  8. Milestones • Development of manual on the regulatory environment • Delivered a Regulatory model for assessing investments • Ran a virtual test • Ran an experiment • Draft Journal of Findings in production

  9. Challenges • Obtaining the information for the investment criteria • Running a useful VT and reporting outcomes • Putting the last year of effort into tangible policy advice

  10. More to do • We are not at Z yet! • The workshop will pose more questions for your input • The draft findings needs finalising • At some point the work needs to relate to the real world through initial advice and a policy response

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