Direction to modify the GD1 Price Control Financial Model with respect to SGN's Voluntary Return

Publication date
30th August 2018
Information type
Policy area

Following the Notice which Ofgem issued on 27 July 2018, under Part B of Special Condition 2A of the Gas Transporter Licence, Ofgem has issued a Direction to modify the GD1 Price Control Financial Model (“PCFM”). The proposed modifications concern SGN voluntarily returning £50m in Repex 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.