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Decision on modifications to the RIIO-2 Price Control Financial Instruments and Licence conditions to implement the closeout of RIIO-1

Decision

Publication date

31 October 2022

Industry sector

Distribution Network
Transmission Network

Decision for

Statutory Consultation to modify the RIIO-2 Price Control Financial Instruments and Licence conditions to implement the closeout of RIIO-1

On 23 September 2022, we published a statutory consultation on proposed modifications to proposed modifications to the RIIO-2 Price Control Financial Handbook (handbook), Price Control Financial Model (PCFM) and Special Licence conditions for Gas Transmission (GT), Gas Distribution (GD) and Electricity Transmission (ET). The proposed changes enable the implementation of our closeout methodology decisions.

We invited responses to this statutory consultation by 21 October 2022. After considering these responses and making minor amendments to our proposed licence drafting to reflect stakeholder feedback, we are now issuing a decision to make the licence modifications.