RIIO-ED1 Financial Model

The Annual Iteration Process for the RIIO-ED1 Price Control Financial Model (PCFM) is used to calculate the value of the term MOD for use in the formula for Base Demand Revenue contained in Special condition CRC 2A of Electricity Distribution Licenses. The first Annual Iteration Process for the RIIO-ED1 PCFM took place on 30 November 2015. A description of the Annual Iteration Process is contained in the ED1 Price Control Financial Handbook (the handbook).

This page contains the current versions of the PCFM and handbook.

It should be noted that the total amount of allowed price control revenue for each licensee contains other components in addition to Base Demand Revenue – reference should be made to Special condition CRC 2A for further details.

Publications and updates

  • Published: 30th Nov 2018
  • Decisions
  • 1 Associated documents
This is the ED1 Price Control Financial Model following the completion of the Annual Iteration Process in November 2018.

  • Published: 30th Nov 2018
  • Decisions
  • 1 Associated documents
This model will calculate the Cost of Debt variable value for all four Price Controls for the AIP 2018.

  • Published: 22nd Nov 2018
  • Guidance
  • 0 Associated documents
List of all ED1 PCFM modifications between AIP 2016 and the publication of the PCFM for use in AIP 2018.

  • Published: 26th Oct 2018
  • Guidance
  • 5 Associated documents
Latest versions of the price control financial handbooks for the RIIO Network Operator incorporating changes to the pensions chapter and the implementation of PARCAs (GT only).

  • Published: 30th Aug 2018
  • Decisions
  • 1 Associated documents
This is the ED1 Price Control Financial Model to be used for the Annual Iteration Process in November 2018.

  • Published: 30th Aug 2018
  • Decisions
  • 1 Associated documents
This direction sets out the modifications to the ED1 Price Control Financial Model with respect to the voluntary return by WPD of amount £77m in unused allowanc

  • Published: 27th Jul 2018
  • Open letters and correspondence
  • 3 Associated documents
Proposed modification required to the ED1 PCFM to implement Western Power Distribution’s voluntary return of £77m in unspent Rail Electrification allowances.

  • Published: 30th Apr 2018
  • Decisions
  • 2 Associated documents
This model will calculate the Cost of Debt variable value for all four Price Controls for the AIP 2018.

  • Published: 30th Nov 2017
  • Decisions
  • 1 Associated documents
This is the ED1 Price Control Financial Model following the completion of the Annual Iteration Process in November 2017.

  • Published: 30th Nov 2017
  • Decisions
  • 2 Associated documents
This model calculates the Cost of Debt variable value for all four Price Controls for AIP 2017.

Pages