We propose new designs of plasmonic modulators, which can beused for dynamic signal switching in photonic integrated circuits. We studyperformance of a plasmonic waveguide modulator with bismuth ferrite as atunable material. The bismuth ferrite core is sandwiched between metalplates (metal-insulator-metal configuration), which also serve as electrodes.The core changes its refractive index by means of partial in-plane to out-of-plane reorientation of ferroelectric domains in bismuth ferrite under appliedvoltage. As a result, guided modes change their propagation constant andabsorption coefficient, allowing light modulation in both phase andamplitude control schemes. Due to high field confinement between themetal layers, existence of mode cut-offs for certain values of the corethickness, and near-zero material losses in bismuth ferrite, efficientmodulation performance is achieved. For the phase control scheme, theπphase shift is provided by a 0.8-μm long device with propagation losses0.29 dB/μm. For the amplitude control scheme, up to 38 dB/μm extinctionratio with 1.2 dB/μm propagation loss is predicted.