RIIO-ET1 Price Control Financial Model - summary of recent modifications
Correspondence and other
Publication date
Industry sector
Transmission Network
The governance process contained in Special Condition 5A of the Electricity Transmission Licence provides for modification of the ET1 Price Control Financial Handbook and PCFM during the RIIO-ET1 price control period. A summary of any such modifications will be published under the respective Price Control Financial Model webpage.
Summary of modifications
On 27 September 2013, the Authority modified the ET1 PCFM to:
- add two new input rows to the PCFM Variable Values Table for each licensee to cater for additional price control adjustments mechanisms relating to:
- Sub sea cable maintenance; and
- Non-load items;
- ensure that claw back adjustments to tax liability allowances for relevant licence holders include an iterative (“tax allowance on tax allowance‟) factor; and
- to make other changes necessitated by concurrent changes to the price control licence conditions for licensees.
The detailed modifications can be reviewed in the report at Appendix 2 to the Authority’s modification notice dated 27 September 2013.
see documents below
Modification - Electricity Transmission Special Condition 5A
Appendix 3 PURE OAK NGfinmdl Appx 3 Vs ETfinmdl PCFM change control 10 (type B) v1 0 Appx 2