RIIO-GD1 Price Control Financial Model following the Annual Iteration Process 2013
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This copy of the GD1 Price Control Financial Model (PCFM) shows the changes to the licensee’s Base Revenue (the MOD value). This has been directed as a result of the Annual Iteration Process that took place by 30 November 2013.
- Links to the corresponding directions and Financial Handbook are available below.
Corporate Debt Expenditure (CDE)
Under the RIIO-GD1 Price Control, the cost of equity and notional gearing percentages are fixed for the whole of the Price Control Period.
However, the corporate debt cost percentage is updated on an annual basis with reference to a trailing average index of debt costs. The update is put into effect through the Annual Iteration Process for the PCFM.
- The workings for the corporate debt cost percentage used in Annual Iteration Process 2013 are available below.