Mutualisation
Northern Ireland Energy Holdings Annual General Meeting
NI Energy Holdings Annual Report - PDF now available online How Mutualisation Works
For the mutual model to work it requires strong support from the principal stakeholders, namely financiers and energy consumers. The financiers require a secure revenue stream and a high level of assurance that bond payments will be made in full and on time. Energy consumers require their energy to be supplied safely, reliably and at lower cost than would otherwise be possible. Finally of course, where existing infrastructure assets are to be acquired, there needs to be a willing seller and buyer of those assets.
The mutual model works best for capital intensive assets, where the benefits of lower cost capital are most marked. Due to the highly technical nature of the assets we manage, we engage experienced engineers and have put in place maintenance, operation and emergency response contracts.
• Related Information
Last Updated: 23rd June 2006