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: 5th Sep 2019
  • Charts and data
  • 1 Associated documents
This is the ED1 Price Contol Financial Model that we intend to use for the Annual Iteration Process planned to take place by 30 November 2019.

  • Published: 5th Sep 2019
  • Decisions
  • 4 Associated documents
Decision to modify the ED1 Price Control Financial Instruments to give effect to our decision on allowed costs for Scottish Hydro Electric Power Distribution (SHEPD) for the Shetland Extended Interim Energy Solution.

  • Published: 5th Sep 2019
  • Decisions
  • 1 Associated documents
Direction to modify the ED1 Price Control Financial Model to facilitate Scottish Power Manweb’s (SPMW) recovery of allowed expenditure in respect of Link Box Costs

  • Published: 6th Aug 2019
  • Open letters and correspondence
  • 3 Associated documents
Proposed modifications to the ED1 Price Control Financial Model to facilitate Scottish Power Manweb’s (SPMW) recovery of allowed expenditure in respect of Link Box Costs

  • Published: 25th Jul 2019
  • Closed: 23rd Aug 2019
  • Consultations and responses
  • 5 Associated documents
We are proposing modifications to the ED1 Price Control Financial Instruments to give effect to our decision on allowed costs for Scottish Hydro Electric Power Distribution (SHEPD) for the Shetland Extended Interim Energy Solution.

  • 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.

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