Definition
Cubit is a Norwegian software tool aimed at grid companies that need to manage systematic inspections, non-conformance registration and reporting in line with requirements from NVENorway's Directorate of Water Resources and Energy - regulates the electricity and water resources sectors. and RMENorwegian Energy Regulatory Authority - government authority that regulates grid operations and energy markets.. Compliance work for grid companies is extensive: it includes monitoring quality of supply, documenting asset data, revenue capNVE's regulatory model that sets a ceiling on grid operators' allowed revenues over a regulatory period. reporting and internal controlA documented system showing that an organisation actually complies with the requirements it is subject to. Mandatory for KBO units under section 2-10 of the Norwegian power emergency preparedness regulation. systems. Cubit consolidates these processes into a structured workflow tool tailored to Norwegian regulatory requirements, making it easier to maintain documented traceability during inspection visits. Grid companies use Cubit to streamline compliance work and ensure that mandatory deadlines and requirements are met. The system functions as an operational support tool for HSE and compliance managers at the grid companyCompany that owns and operates electricity grids and is responsible for power supply to end users..