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Optimized Asset Health Program

  • 01 June 2021

Case Studies
The UK Electric Regulator "OFGEM" has mandated a formal method for determining asset health and criticality.
The Network Asset Indices Methodology is to provide a comparative
analysis of performance between Distribution Network Operators covering:

- Probability of Asset Failure
- Consequence of Asset Failures
- Asset Risk
- Current and Future Asset Degradation
- Monetized Asset Risk
- With and without Interventions (Replacement and Refurbishment Activities)

This paper describes this methodology so that the reader can apply its third party validated techniques to their own asset health system.


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