Summary of recent modifications to the ED1 Price Control Financial Model 2019
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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 2018 Annual Iteration Process (AIP) on 30 November 2018 and the publication of the PCFM for use in AIP 2019.
On 5th September 2019, we published the PCFM for use in the 2019 AIP. This model contained modifications to reflect the introduction of the three new Variable Values, UCSEFEC, UCSESPC and UCSEBC, to allow SHEPD to recover the costs associated with the Extended Interim Energy Solution for Shetland from 2019/20 to 2022/23, along with the ex-ante cost allowances set out for each term, totalling £85.4million. This modification was also reflected in the ED1 Financial Handbook.
The model also contained a modification relating to the inclusion of allocation percentages within the “SPMW” sheet to allocate allowed Link Box Costs to “Non-load related capex – asset replacement” such that this amount is fed through to allowed revenue.
No further modifications have been made.
Full details of the modifications are available in the linked directions.