ED1 General

Question 1

Capitalisation rate?

Answer 1

80%

Question 2

Losses pot value?

Answer 2

£32M

Question 3

IIS outage hours limit?

Answer 3

12 hours

Question 4

BMCS reward\penalty %

Answer 4

+/- 1.5% of vase revenues

Question 5

Pass through items?

Answer 5

Rates, transmission exit charges, licence fees and smart metering

Question 6

Uncertainty mechanisms?

Answer 6

Tax, load expenditure, smart metering interventions

Question 7

Load expenditure reopener criteria?

Answer 7

+/- 20% and +/- 1% impact on base revenues after sharing mechanism

Question 8

Tax trigger criteria?

Answer 8

+/- 1% change in tax rate with +/- 0.33% in base revenues.

Question 9

% SPEN totex of upper quarter?

Answer 9

112%

Question 10

Smart metering interventions reopener criteria?

Answer 10

Above 2% baseline target

Question 11

Sharing mechanism?

Answer 11

53.5%

Question 12

Notional gearing?

Answer 12

65%

Question 13

Cost of equity?

Answer 13

6%

Question 14

Cost of debt?

Answer 14

2.46%

Question 15

WACC - post tax real

Answer 15

3.38%

Question 16

CV and C table categories?

Answer 16

Load
Non-load
Non-op capex
Other network costs
CAI
Business support 
Other costs within price control
Other costs outwith price control
HVP
Moorside
Non-activity based costs