# RIIO-ED2 PCFM Financial Model Audit

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Ofgem](/buyers/ofgem/contract-awards)
- Contract winner: Gridlines Group Limited
- Award value: £91,000
- Tender value: £91,000
- Award date: 24 March 2022
- Published: 24 March 2022
- Contract start: 1 April 2022
- Contract end: 31 March 2023
- Stage: awarded
- Procurement category: services
- Notice ID: f02170e6-4443-4c2a-b54b-a83f0a8a2bb5-521415
- OCID: ocds-b5fd17-bf006c90-aa8c-41b9-b0d2-6e8b54d44415

## Description

Financial model audit services are required to provide assurance on the RIIO-2 Electricity Distribution Price Control Financial Model \(RIIO-ED2 PCFM\)\. The model acts as the official licence instrument for setting revenues for the Distribution Network Operators \(DNOs\)\. The audit is essential for providing external stakeholders with confidence in the model and will be an important mitigant against DNOs' appeals to the Competition and Markets Authority \(CMA\)\. As such the audit must be carried out by an external consultant\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/f02170e6-4443-4c2a-b54b-a83f0a8a2bb5-521415)