Energy & Utilities
Sequencing a grid capex programme
Twelve years of capex with no order of priority. We sequenced it by risk.
Meridian held a twelve-year capital programme with no order of priority beyond the year each scheme had been approved. Every asset owner believed their scheme was the urgent one, and the regulator was about to ask which.
We sequenced the whole programme against failure probability and consequence rather than the date a scheme entered the plan. Every scheme received a defensible position in the queue and a written reason for it that an engineer could argue with.
£190m of spend moved out of the first five years without raising the risk position. The sequence survived the regulatory review intact and is rerun annually in-house.
£1.4bn
Capex sequenced
£190m
Spend deferred
12 yrs
Programme span
Case studies
More work
Three engagements where the numbers were the easy part, the decision was not, and the answer still held once the room had moved on.
Forty more engagements sit behind these six.
