Companies’ populated PR14 financial models


Throughout the price review we have been committed to running an open and transparent process. So we have published the populated financial models we used in arriving at our draft and final determinations.

The populated financial models reflect assumptions appropriate to price setting. These include a notional capital structure which may differ significantly from companies’ actual structures, an assumed totex menu choice, and no provision for out- or underperformance on incentive mechanisms. As a result, the models will not represent a forecast of each company’s actual financial results.

Draft Final

The models are xlsm and xlsb files. If you are having problems opening them, we suggest you try downloading the file, and renaming it with the correct file extension, and then opening it in Excel. Please note that they will not work as xlsx files.

We have also published populated versions of some of our feeder models. You can find links to these below.