RIIO-GD1 Directions for the Annual Iteration Process November 2016
Decision
Publication date
Industry sector
Distribution Network
The Gas and Electricity Markets Authority is required to direct the revised Price Control Financial Model (PCFM) Variable Values 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 the gas transporter licence (with respect to gas distribution networks) for the Annual Iteration Process which took place by 30 November 2016 for the RIIO-GD1 PCFM.
A separate financial model containing the full set of calculations has been published alongside these Directions and is available from the related links section.
In January 2017 we revised National Grid's Direction to correct a transposition error.