BSI-PAS 55: the Benefits for Utilities - a Regulator's View

Ofgem has a long-standing interest in asset risk management, e.g. surveying practices within the energy network companies in 2002. Following the publication of BSI (British Standards Institution) PAS (Publicly Available Specification) 55, Ofgem is now encouraging GB network companies to undertake certification to PAS 55 and is monitoring each company's progress towards certification, and is expecting that by 2008 companies will be certified and report their certification status to Ofgem on an annual basis. Ofgem has also participated in the development of the IAM (Institute of Asset Management) assessment methodology. This presentation reviews the current status and how PAS 55 implicitly benefits the customer.