RIIO-GD1 Price Control Financial Model - summary of recent modifications
Correspondence and other
Publication date
Industry sector
Distribution Network
The governance process contained in Special Condition 2A of the Gas Distribution Licence provides for modification of the Price Control Financial Handbook and Price Control Financial Model during the RIIO-GD1price control period. A summary of any such modifications will be published under the respective Price Control Financial Model webpage for the relevant sector.
Summary of modifications
On 27 September 2013, the Authority modified the GD1 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:
- NTS exit capacity cost allowances; and
- Shrinkage allowances;
- 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 review in the report at Appendix 4 PURE OAK to the Authority’s modification notice dated 27 September 2013.