Ofgem has launched a statutory consultation on proposed amendments to RIIO-3 licences and price control financial instruments (PCFIs) covering electricity transmission (RIIO-ET3), gas transmission (RIIO-GT3) and gas distribution (RIIO-GD3). The proposed modifications, under section 11A(2) of the Electricity Act 1989 (EA 1989) and section 23(2) of the Gas Act 1986 (GA 1986), address typographical errors, drafting inconsistencies and minor inaccuracies identified by Ofgem and network companies. The changes affect nine licensees across the three sectors and include corrections to broken cross-references, regulatory terms, variable names and formulae. Proposed amendments to the price control financial models (PCFMs) address inputs, totex allocation percentages, cap-rate classifications, inflation assumptions and other model mechanics. Ofgem states that the amendments are intended to improve clarity, consistency and operability and do not alter the underlying policy decisions in the RIIO-3 Final Determinations. Ofgem intends to publish its decision by the end of October 2026. If implemented, the modifications will take effect not less than 56 days after the decision is published. The consultation closes on 18 September 2026.