Statutory consultation on proposed licence modifications to improve the transparency of energy company profits

This statutory consultation sought views on our proposals to modify Standard Licence Condition (SLC) 19A of the gas and electricity supply licences and SLC 16B of the electricity generation licence and the guidelines prepared under these conditions. This consultation closed on 12 December 2014 and we published our decision letter and all non-confidential responses on 18 December 2014. We are making these modifications to provide greater transparency of energy company profitability and we are keen for these to be applied by companies for the 2014 Consolidated Segmental Statements.