In accordance with Section C8.11 – C8.13 of the SEC, in January of each year the Panel are required to set out a draft budget for the following three Regulatory Years commencing thereafter. Following consultation with Parties and Panel approval, the Draft Budget is published on the SEC Website to become the Approved Budget 15 Working Days thereafter and become effective on 1st April of that Regulatory Year.
The Draft Budget for the Regulatory Years 2018 – 2021 was approved by the Panel on 9th February 2018, and can be found below. The Draft Budget will remain as the Draft Budget until 8th March 2018, after which it will become the Approved Budget for 2018 – 2021, to become effective on 1st April 2018.
The SEC Panel’s response to the comments received by the organisations that responded to the Draft Budget consultation in January 2018 can also be found below.
SEC Panel Draft Budget 2018-2021
Draft Budget 2018 - 2021 Consultation Responses