EA Technology Strategic Technology Programme (STP)
The Strategic Technology Programme (STP) operated by EA Technology, provides research, development and technology provision to Owners and Operators of Electricity Networks. The key aims of the STP are to cost effectively improve the operational efficiency and business performance of members within prevailing regulatory constraints.
STP is directly controlled by the participating Electricity Companies. Optional modules within the programme address priority business areas. Participating companies can choose just those optional modules that fit their strategic priorities. Entry to the STP is via the STP Board which provides governance and overall management of the programme. Participating companies direct the content and management of the optional modules through module steering groups, and also have direct control of the overall programme through the STP Board. Modules reflect the interests of the participating companies and can be created or closed annually.
The STP has demonstrated considerable success in delivering targeted and cost effective technology solutions to participating utilities. The Innovation Funding Incentive, which is to be included in the UK Distribution Price Control Regulations, drew heavily on examples from STP when demonstrating the value to be gained from innovation.
The STP model is unique in structure, management and content. In particular, potential projects are developed with steering group members to address the business needs of their companies, then each project is competitively judged by the steering group on merit against other potential projects developed for a module.
Benefits of the programme
- Modular so that participants can choose the module that most closely meets their business needs
- Targeted because module participants choose the topics and projects to be undertaken
- Fast Delivery to match the rapidly changing business environment
- Flexible since there are frequent reviews of direction and project mix
- Efficient communication through supply of short summaries, customised briefings and discussion forums
- High level of leverage of participants investment typically 8 fold
To find out more about STP please visit www.stp.uk.net