Summary of recent modifications to the GD1 Price Control Financial Model 2018

Publication date
22nd November 2018
Information type
Policy area

In accordance with Special Condition 2A.17(d), we are publishing an up-to-date schedule of modifications made to the GD1 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 13 September 2017, we published the PCFM for use in AIP 2017. This model included Cadent’s offer to refund consumers £53.9 million for work to replace medium pressure iron mains in central London.

On 30 August 2018, we published the PCFM for use in the AIP 2018. This model included SGN voluntarily returning £50m in Repex allowances.

The September 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.