Direction to modify the ET1 PCFM for use in AIP 2016

Decision

Following the notice which Ofgem issued on 19 July 2016, under Part B of Special Condition 5A of the Electricity Transmission Licence, this direction modifies the ET1 Price Control Financial Model (PCFM).

This is the version of the model we will use for the Annual Iteration Process (AIP) which will take place by the 30 November 2016.