Electricity transmission price control financial model: RIIO-2
Related links
- ESO Price Control Financial Model
- GD2 Price Control Financial Model
- GT2 Price Control Financial Model
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This model is used to calculate the amount of money that network companies can collect under the RIIO-2 price control for the period 1 April 2021 to 31 March 2026.
Access the latest and historical versions for the RIIO-ET2 price control period.
Ofgem is required to update and publish the model annually as part of the Annual Iteration Process (AIP), under Part D of the electricity transmission special condition 8.1. We name these ‘ET2 PCFM for AIP 202X’ for each respective year.
Part C of special condition 8.1 provides for Ofgem to make modifications to the ET2 PCFM. These modifications are published during each regulatory year and are shown in the subsidiary documents list with the suffixes ‘C01,’ ‘C02,’ and so on.
The version of the PCFM published following an AIP is titled ‘ET2 PCFM November 202X’ until regulatory year 2022. Starting from regulatory year 2023, the version of the PCFM published following an AIP is titled ‘ET2 PCFM AIP 202X’.
Main document
[ET2 PCFM C07 (published 1 July 2025) [XLSM, 3.92MB]
](https://www.ofgem.gov.uk/sites/default/files/2025-07/ET2-PCFM-C07.xlsm)
Subsidiary documents
[ET2 PCFM C06 (published 19 May 2025) [XLSM, 3.92MB]
](https://www.ofgem.gov.uk/sites/default/files/2025-07/ET2-PCFM-C06-20250703090321.xlsm)
[ET2 PCFM AIP 2024 (published 31 January 2025) [XLSM, 3.92MB]
](https://www.ofgem.gov.uk/sites/default/files/2025-02/ET2-PCFM-AIP-2024.xlsm)
[ET2 PCFM for use in AIP 2024 (published 26 July 2024) [XLSM, 3.91MB]
](https://www.ofgem.gov.uk/sites/default/files/2024-07/ET2_PCFM_for_use_in_AIP_2024_1.xlsm)
[ET2 PCFM C05 (published 31 May 2024) [XLSM, 3.91MB]
](https://www.ofgem.gov.uk/sites/default/files/2024-07/ET2_PCFM_C05_published_31_May_2024.xlsm)
[ET2 PCFM (published 30 January 2024) [XLSM, 3.92MB]
](https://www.ofgem.gov.uk/sites/default/files/2024-02/ET2%20PCFM%20AIP%202023.xlsm)
[ET2 PCFM for AIP 2023 (published 24 July 2023) [XLSM, 3.91MB]
](https://www.ofgem.gov.uk/sites/default/files/2023-07/ET2%20PCFM%20for%20AIP%202023.xlsm)
[ET2 PCFM C04 (published 05 June 2023) [XLSM, 3.91MB]
](https://www.ofgem.gov.uk/sites/default/files/2023-08/ET2%20PCFM%20C04.xlsm)
[ET2 PCFM (published 13 December 2022) [XLSM, 3.91MB]
](https://www.ofgem.gov.uk/sites/default/files/2022-12/ET2%20PCFM%20November%202022.xlsm)
[ET2 PCFM C03 (published 11 November 2022) [XLSM, 3.90MB]
[ET2 PCFM for AIP 2022 (published 22 July 2022) [XLSM, 3.80MB]
](https://www.ofgem.gov.uk/sites/default/files/2022-07/ET2%20PCFM%20for%20AIP%202022.xlsm)
[ET PCFM C02 (published 01 June 2022) [XLSM, 3.80MB]
](https://www.ofgem.gov.uk/sites/default/files/2022-06/ET2%20PCFM%20C02_0.xlsm)
[ET2 PCFM (published 30 November 2021) [XLSM, 3.93MB]
](https://www.ofgem.gov.uk/sites/default/files/2021-11/ET2%20PCFM%20November%202021_1.xlsm)
[ET2 PCFM for AIP 2021 (published 3 September 2021) [XLSM, 4.00MB]
](https://www.ofgem.gov.uk/sites/default/files/2021-11/ET2%20PCFM%20for%20AIP%202021.xlsm)
[ET2 PCFM C01 (published 30 July 2021) [XLSM, 4.00MB]
](https://www.ofgem.gov.uk/sites/default/files/2021-11/ET2%20PCFM%20C01.xlsm)
[ET2 PCFM C00 (published 28 May 2021) [XLSM, 4.03MB]
](https://www.ofgem.gov.uk/sites/default/files/2021-11/ET2%20PCFM%20C00.xlsm)
[ET2 PCFM Final Determinations (published 3 Feb 2021) [XLSM, 3.94MB]
](https://www.ofgem.gov.uk/sites/default/files/2021-11/ET2%20PCFM%20Final%20Determinations.xlsm)
Related links
- ESO Price Control Financial Model
- GD2 Price Control Financial Model
- GT2 Price Control Financial Model