Modifications to the RIIO-GT1 Price Control Financial Model to implement PARCA arrangements and the funding decision on the Fleetwood entry point
Licence modification
Publication date
Industry sector
Transmission Network
GT1 Price Control Financial Model
On 10 July 2018, we published a Statutory Consultation on the modifications needed to the RIIO-GT1 Price Control Financial Model (PCFM) to implement two decisions:
- The introduction of Planning and Advanced Reservation of Capacity Agreements (PARCAs).
- The reduction of £277.5 million from NGGT revenue allowances for investments at the Fleetwood entry point, which did not take place and are not expected to be needed over the remainder of the current control period.
In the consultation we proposed to modify the Special Conditions of NGGT’s Gas Transporter Licence, the GT1 Price Control Financial Model (PCFM) and Financial Handbook to reflect the introduction of PARCAs and the reduction in NGGT revenue allowances.
We have now consulted and decided to proceed with the proposed modifications. The modified NGGT Gas Transporter’s Special Licence Conditions, the GT1 PCFM and Financial Handbook are published alongside this decision.
Please note that this latest version of the PCFM is not the final model for use in the 2018 AIP, which will be published in October 2018.