Direction to modify the ED1 Price Control Financial Model with respect to WPD's Voluntary Return
Decision
Publication date
Industry sector
Distribution Network
Following the Notice which Ofgem issued on 27 July 2018, under Part B of Charge Restriction Condition 4A of the Electricity Distribution Licence, Ofgem has issued a Direction to modify the ED1 Price Control Financial Model (“PCFM”). The proposed modifications relate to the voluntary return of £77m in unused Rail Electrification allowances.
This is the version of the model we will use for the Annual Iteration Process (AIP) which will take place by the 30 November 2018.