Categories
OFGEM

Direction to modify the RIIO-ED1 PCFM with respect to SSEH subsea cables cost allocation rates, and other minor updates

On 02 July 2020 the Authority issued a notice under paragraph 4A.9 of Charge Restriction Condition 4A of the Electricity Distribution Licence. The proposed modification relates to the inclusion of allocation percentages within the “SSEH” sheet to allocate the £45.3m allowed expenditure in respect of Subsea Cables expenditure to “Non-load related capex – asset replacement” such that this amount is fed through to allowed revenue.

The Authority hereby directs the modification of the ED1 Price Control Financial Model (PCFM) in this manner.