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

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.