SP PowerAssets Ltd (SPPA) and SP PowerGrid Ltd (SPPG) are companies regulated by EMA as the electricity transmission licensee and transmission licensee agent respectively.
They are required to provide grid services in a non-discriminatory manner. The conditions of their licences also prohibit them from disclosing confidential information for any purpose, unless permitted by their licences, codes or market rules. They are also prohibited from using confidential information to gain commercial advantage in any service outside of their authorised business. If they fail to comply, they can face enforcement action under Sections 13 and 14 of the Electricity Act.
Regarding electricity imports, SPPA and SPPG will offer prompt and unbiased technical guidance, grid specifications and clarification to parties interested in bidding for importer licences. They will treat all interested parties fairly and not show favouritism.
Separately, SP Group may work with partners to develop generation capabilities in other countries and construct and operate interconnectors, such as offshore subsea transmission cables. These will strengthen the regional grid architecture and better plan for future network requirements to maintain reliability standards.
These projects will be managed by separate entities within SP Group, distinct from SPPA and SPPG. SP Group will comply with conditions set by EMA including maintaining functional and operational separation as required.