In PR14, we set mechanisms to incentivise companies to do the right thing for their customers during 2015-20. In setting the 2019 final determinations, we applied reconciliation adjustments for the 2020 to 2025 period to take account of how companies performed against these incentive mechanisms in 2015-20. This required us to use forecasts of company performance for 2019-20.
We are now adjusting the reconciliation of the 2015-20 incentives mechanisms to account for companies’ actual performance for 2019-20. The consultations on our draft proposals, which will apply from 2021-22, are open to public consultation.
Details and documents for the consultations are available here.
How to respond
We welcome any written comments or representations on our proposals by 19 October. Representations can be sent to our inbox [email protected]. We will publish final adjustments by 13 November 2020.