Effective asset management is crucial for electricity distributors. Sound asset management is an integral part of ensuring that distributors improve efficiency and provide services at a price and quality that reflects the demands of electricity consumers.
An asset management plan (AMP) is intended to be the principal document that communicates an electricity distributor's asset investment and maintenance plans. We have now completed the review of the 2023 asset management plans of the electricity distribution businesses.
The asset management practices of Electricity Distribution Businesses (EDBs) underpin their investment and operational activities. Effective asset management facilitates the provision of a more reliable and efficient electricity network service and is an integral part of ensuring that EDBs provide services at a price and quality that reflects the demands of electricity consumers.
In 2013 electricity distributors, for the first time, publicly disclosed self-assessments of the maturity of their asset management practices. These assessments use the asset management maturity assessment tool, or AMMAT.
