Decision on Ofgem's policy for funding Pension Scheme Established Deficits
Decision
Publication date
Industry sector
- Distribution Network
- Transmission Network
On 16 March 2016 we issued a second consultation paper on our proposals for changes to the way Pension Scheme Established Deficits (PSEDs) are funded and evaluated. Following consideration of responses to that consultation, the Authority has decided to clarify the nature of our commitment to provide funding for PSEDs of network operators (NWOs) subject to price control under our RIIO regimes.
This decision confirms the proposals set out in our second consultation paper subject to some modifications. Although these modifications are important, we do not believe they alter the overall intent or effect of the proposed changes but incorporate further safeguards for the consumer.