Summary of recent modifications to the ED1 Price Control Financial Model 2018
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In accordance with Charge Restriction Condition 4A.15(d), we are publishing an up-to-date schedule of modifications made to the ED1 Price Control Financial Model (PCFM). This page lists all modifications between the publication of the 2016 Annual Iteration Process (AIP) on 30 November 2016 and the publication of the PCFM for use in AIP 2018.
On 11 October 2017, we published the PCFM for use in the 2017 AIP. This model corrected an error on the spreading over price control years of the term ‘Input used to Spread Additional Income' for WPD licensees. It also amended ‘Totex’ labels to align the PCFM with the terminology used in the ED1 Financial Handbook.
On 30th August 2018, we published the PCFM for use in the 2018 AIP. This model included the modification to account for the voluntary return of unspent Rail Electrification allowances for WPD licensees.
The October 2017 modifications were reflected in AIP 2017, whilst the August 2018 modifications will be reflected in the current AIP 2018.
No further modifications have been made.
Full details of the modifications are available in the linked directions.