RIIO-ET1 Price Control Financial Model - summary of recent modifications
Correspondence and other
- Publication date
- Industry sector
- Transmission Network
The governance process contained in Special Condition 5A of the Electricity Transmission Licence provides for modification of the ET1 Price Control Financial Handbook and PCFM during the RIIO-ET1 price control period. A summary of any such modifications will be published under the respective Price Control Financial Model webpage.
Summary of modifications
On 27 September 2013, the Authority modified the ET1 PCFM to:
- add two new input rows to the PCFM Variable Values Table for each licensee to cater for additional price control adjustments mechanisms relating to:
- Sub sea cable maintenance; and
- Non-load items;
- ensure that claw back adjustments to tax liability allowances for relevant licence holders include an iterative (“tax allowance on tax allowance‟) factor; and
- to make other changes necessitated by concurrent changes to the price control licence conditions for licensees.
The detailed modifications can be reviewed in the report at Appendix 2 to the Authority’s modification notice dated 27 September 2013.
see documents below
Modification - Electricity Transmission Special Condition 5A
Appendix 3 PURE OAK NGfinmdl Appx 3 Vs ETfinmdl PCFM change control 10 (type B) v1 0 Appx 2