Extending National Grid Electricity Transmission plcs Transmission Owner Price Control for 2006/07 - Draft licence modifications

In November 2005, Ofgem published final proposals for extending National Grid Electricity Transmission plcs (NGET) transmission owner price control for the period 1 April 2006 to 31 March 2007 (the proposed extended price control) . NGET have been asked to confirm by no later than 9 January 2006, whether they are minded to accept the proposals.

In order to implement the proposals, the Gas and Electricity Markets Authority (the Authority) will formally propose amendments to relevant parts of NGETs electricity transmission licence. This document sets out Ofgem s initial thoughts regarding the licence conditions that will be required to extend the price control for the period 1 April 2006 to 31 March 2007. This document also describes the process for modifying the licence.