The Authority proposes to modify the electricity distribution licences held by Electricity North West Limited (ENWL), Northern Powergrid (Northeast) Limited (NPgN), Northern Powergrid (Yorkshire) plc (NPgY), London Power Networks plc (LPN), South Eastern Power Networks plc (SPN), Eastern Power Networks plc (EPN), SP Distribution plc (SPD) and SP Manweb plc (SPMW).
The proposed modifications are to Special Conditions CRC 2A (Restriction of Allowed Distribution Network Revenue) and CRC 2M (Adjustment of licensee’s revenues for the residual distribution losses incentive). The reason for the proposed modifications is to ensure that the licensees’ allowed revenue is adjusted to close out the DPCR4 growth term, consistent with our 21 March 2014 decision on the restatement of data associated with the losses incentive mechanism.
A copy of the proposed modification and other documents referred to in this Notice have been published below.
Representations with respect to the proposed modifications should be made on, or before, 13 April 2015.