Direction to make modifications to the ESO and ET2 Price Control Financial Instruments

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On 19 April 2022, the Authority consulted on a proposed direction under Part C of Special Condition 5.1 (Governance of the ESO Price Control Financial Instruments) of the Electricity System Operator Licence and Special Condition 8.1 (Governance of the ET2 Price Control Financial Instruments) of the Electricity Transmission Licence to make modifications to the ESO and ET2 Price Control Financial Instruments.

These modifications update the Price Control Financial Model (PCFM) and the Price Control Financial Handbook (PCFH) following the recent Price Control Financial Model working groups.

The PCFH is tracked to show the location of modifications relative to previously published versions.

The Authority hereby directs the modifications to the PCFM and PCFH in the manner indicated in the versions published on this page.

Main document

[Direction to modify the ESO and ET2 Price Control Financial Instruments [PDF, 214.75KB]

](https://www.ofgem.gov.uk/sites/default/files/2022-06/Direction%20on%20ET%20and%20ESO%20PCFI%20Modifications.pdf)

Subsidiary documents

[ESO PCFM C01 [XLSM, 348.38KB]

](https://www.ofgem.gov.uk/sites/default/files/2022-06/ESO%20PCFM%20C01.xlsm)

[ESO Price Control Financial Handbook_V1.2 [PDF, 1.24MB]

](https://www.ofgem.gov.uk/sites/default/files/2022-06/ESO%20Price%20Control%20Financial%20Handbook_V1.2.pdf)

[ET2 PCFM C02 [XLSM, 3.80MB]

](https://www.ofgem.gov.uk/sites/default/files/2022-06/ET2%20PCFM%20C02.xlsm)

[ET2 Price Control Financial Handbook_V1.2 [PDF, 1.56MB]

](https://www.ofgem.gov.uk/sites/default/files/2022-06/ET2%20Price%20Control%20Financial%20Handbook_V1.2.pdf)

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