Decision published on modifications to SONI's licence

03 December 2018

The Utility Regulator today publishes its decision on licence changes in order to provide certainty of revenues recoverable by SONI for capital expenditure (capex) projects. This licence change comes as a result of a CMA (Competition and Markets Authority) decision. Our decision will see a new term (Zt) being introduced into the revenue formula to provide for capital returns to interim projects not provided for in SONI’s price control. 

Our decision follows a consultation which was published on the 10 August 2018. No formal consultation responses were received.