The six-week consultation sees locals and businesses invited to shape NIE Networks' plan for its next price control period from 2025 to 2031.
The plan sets out how NIE Networks will facilitate a net zero carbon future, all while providing a safe, resilient network and excellent level of service, but at the least possible cost.
NIE Networks Managing Director, Derek Hynes said: "NIE Networks' vision is to provide an electricity network that can facilitate Northern Ireland's overall plan to address climate change, aiming to achieve net zero carbon and affordable energy, by ending our society's reliance on fossil fuels and its associated price volatility.
"A significant step-change is needed in the level of investment in the electricity network required to facilitate the scale of decarbonisation that has now been mandated by government. Our aim is to strike a balanced position in our future plans, which seek to maximise the potential benefits from investing now and minimising the investments needed in the future to deliver a zero carbon economy.
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"Furthermore, a digitalised and flexible network will enable customers to make informed decisions on energy efficiency and opportunities for active participation in new markets. It is in this context that we are developing our next business plan for 2025 to 2031."
NIE Networks' 'A Future Network for All' consultation document, outlines a series of investments that will be required to facilitate the scale of decarbonisation required – including providing increased network capacity to enable customers to connect low carbon technologies such as electric vehicles, solar panels and heat pumps. During the next business plan period an extensive programme of network renewal will also be required to replace or update much of the original network, initially developed in the 1960s, in order to maintain reliability of supply.
Mr Hynes continued: "We are embarking on the most significant change in the design, management and operation of the electricity network since rural electrification in the 1960s. A net carbon zero future for Northern Ireland will necessitate a much greater role and dependency on electricity in society, with the expected need for the rapid electrification of heat and transport a key requirement.
"Enabling this change will require significant development in the capacity of the existing network, alongside further development to ensure adequate capacity for the increasingly diverse mix of renewables that will emerge over the coming decades as we reach net zero by 2050."
Feedback from customers during the six-week consultation period will help inform the development of NIE Networks' final proposals which are due for submission to the Utility Regulator in March 2023.
