CCS Annual Iteration Process 2025

Annual Iteration Process means the process carried out by the Regulator by 31 October of each Shadow Regulated Asset Value (SRAV) Calculation Period or Operational Charging Year (as relevant) in accordance with the process set out in the Price Control Financial Handbook. 

This AIP updates provisional SRAV for CO2 T&S licensees for the next regulatory year (2026 to 27). 

The Authority gave the CO2 T&S licensees notice of the value of SRAV. There were no representations made by any licensee. 

The values in the Price Control Financial Model used to derive the SRAV are provisional due to timings of the licence award acknowledging that the information that has been provided is: 

1. Primarily forecast based (with actual cost data for 2024 to 25, a combination of actual and forecast data for 2025 to 26, and wholly forecast data for the 2026 to 27 financial year); and 

2. Has not undergone the additional assurance activities envisaged by the Agreed Upon Procedures and Data Assurance Guidance (DAG), as these processes are under development. 

We consider that the values that we are confirming in the 2025 AIP are therefore provisional values, and are subject to the process of reconciliation and revision for actual (assured) data as set out in the Price Control Financial Handbook (Paragraph 2.6) and in the Economic Licence, in particular, Special Conditions F4.5, F4.6 and E2.2 (part e). 

The published values for SRAV following the 2025 AIP are shown within the CO2 T&S Price Control Financial Model published on this page. 

The Price Control Financial Model has been published and updated with redactions to protect commercially sensitive information, as identified by either the Regulator or the Licensee. As both networks are in the construction period, we have made changes to remove some non-functional calculations and worksheets.

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