ED2 Price Control Financial Model
Reports, plans and updates
- Publication date
- Industry sector
- Distribution Network
- Licence type
- Electricity Distribution Licence
Electricity distribution licensees must use the latest versions of the ED2 Price Control Financial Model when calculating the value of their allowed revenue. The Price Control Financial Model is part of the electricity distribution licence special conditions.
Changes to the calculations within the Price Control Financial Model represent a modification under the electricity distribution special conditions and are made under Parts B and C of Special Condition 8.1 of the licences. We track these versions of the Price Control Financial Model by updating the suffix to the file name, for example "V1", "V2", "V3".
Some changes to the Price Control Financial Model do not constitute a modification (such as just updating the input variable values). An update only for these purposes will not be given a unique version number but labelled as an update at the end of the filename such as "updated on 5 November 2023".
The full history since the launch of ED2 is as follows:
- 30 January 2025: Version 4, updating variable values following completion of 2024 Annual Iteration Process
- 26 July 2024: Version 4, PCFM for use in (2024) AIP - updated inflation variable values
- 26 January 2024: Version 3, updating variable values following completion of 2023 Annual Iteration Process
- 30 November 2023: Version 3, Ofgem variable values update
- 16 October 2023: Version 3, housekeeping modifications
- 31 July 2023: Version 2, updating inflation variable values only
- 14 July 2023: Version 2, housekeeping modifications
- 03 February 2023: Version 1, original statutory consultation decision