Notice to modify the GD1 Price Control Financial Model with respect to SGN's Voluntary Return
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In according with Part B of Special Condition 2A of the Gas Transporter Licence, Ofgem has issued a notice to modify the GD1 Price Control Financial Model (“PCFM”). The proposed modifications concern SGN voluntarily returning £50m in Repex allowances.
These modifications are not considered to have a significant impact. Further details and reasoning for making the changes are set out in the attached notice.
Please respond to this consultation no later than 24 August 2018. We intend for this modification to take effect by 31 August 2018 and to include it within the Annual Iteration Process, due to conclude on 30 November 2018.