Proposed direction to make modifications to the ESO and ET2 Price Control Financial Instruments

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We are consulting 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.

Respond name

Michael Smith

Respond email

michael.smith@ofgem.gov.uk

Main document

[Proposed direction on ET and ESO PCFI Modifications [PDF, 221.94KB]

](https://www.ofgem.gov.uk/sites/default/files/2022-04/Proposed%20direction%20on%20ET%20and%20ESO%20PCFI%20Modifications.pdf)

Subsidiary documents

[ET2 Price Control Financial Handbook V1.2 (Tracked) [PDF, 2.66MB]

](https://www.ofgem.gov.uk/sites/default/files/2022-04/ET2%20Price%20Control%20Financial%20Handbook_V1.2%20%28Tracked%29.pdf)

[ESO Price Control Financial Handbook V1.2 (Tracked) [PDF, 2.05MB]

](https://www.ofgem.gov.uk/sites/default/files/2022-04/ESO%20Price%20Control%20Financial%20Handbook_V1.2%20%28Tracked%29.pdf)

[ET2 PCFM C02 [XLSM, 3.93MB]

](https://www.ofgem.gov.uk/sites/default/files/2022-04/ET2%20PCFM%20C02.xlsm)

[ESO PCFM C01 [XLSM, 348.38KB]

](https://www.ofgem.gov.uk/sites/default/files/2022-04/ESO%20PCFM%20C01.xlsm)

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