We are proposing several amendments to the Price Control Financial Models (PCFMs), Price Control Financial Handbooks (PCFHs), Standard and Special Conditions. These include the following proposals:
- new ET2 Special Licence conditions terms regarding Transitional Centralised Strategic Network Plan 2 (tCSNP2):
- addition of Special Condition: SpC 3.44 Development Funding Price Control Deliverable and Use It Or Lose It Adjustment (DFt) in the ET licences
- addition of Special Condition: SpC 3.45 Delivery Track Pre-Construction Funding, Re-opener, Price Control Deliverable and Use It Or Lose It Adjustment (DTPCFt) in the ET licences
- modification to Special Condition 1.1 Interpretation and definitions
- modification to the non-variant allowances in the GD2 PCFM;
- modification to Special Condition 5.4 Vulnerability and carbon monoxide allowance (VCMt) in the GD licences
- modification to Special Condition 9.7 Directly Remunerated Services of the Gas Transporter Licence and related modification to the GD2 PCFM
- addition of Special Condition: SpC 3.19 FSO transition allowance in the GT licence and associated modification to SpC 1.1 Interpretation and definitions
- modification of Electricity Distribution Special Condition 9.8 Tax Reconciliation Assurance Statement
- modification of Electricity Distribution Special Condition 1.2 Definitions and references to the Electricity Distributors
- modification of Electricity Standard Conditions 29 Restriction of activity and financial ring-fencing of the Distribution Business
We also propose a few housekeeping modifications to the PCFMs and the PCFHs. The PCFHs are tracked to show the location of modifications relative to previously published versions.
We are seeking feedback on the proposed modifications on or before 23 May 2025.
