- Publication date
- 10th February 2015
- Information type
- Policy area
The Gas and Electricity Markets Authority is required to direct the revised Price Control Financial Model (PCFM) Variable Values to be used in the Annual Iteration Process (AIP) and the value of the term MOD, produced as a result of that process for each licensee by 30 November.
These are the Directions issued under the Special Conditions of electricity transmission licence for the AIP for SHE Transmission PLC which took place by February 2015 for the ET1 PCFM.
SHE Transmission PLC was excluded from the AIP run for November 2014, as a substantial investment in a project was being assessed which could have a significant impact on the modification to the licensee’s base revenue (MOD). In October 2014 we consulted on carrying out the AIP for SHE Transmission PLC in early 2015 after we had taken a decision on the project.