RIIO-GT1 PCFM - summary of recent modifications
Correspondence and other
- Publication date
- Industry sector
- Transmission Network
The governance process contained in Special Condition 4A of the Gas Transporter Licence provides for modification of the GT1 Price Control Financial Handbook and PCFM during the RIIO-GT1 price control period. A summary of any such modifications will be published under the respective Price Control Financial Model webpage (as per below).
Summary of modifications
On 27 September 2013, the Authority modified the GT1 PCFM to:
- 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 4A to the Authority’s modification notice dated 27 September 2013