WebNov 9, 2024 · The cap and floor regulatory regime applies to the Great Britain portion of the cost and revenues of the project (65% share). Ofgem published on 4 March the positive needs case reassessment for FAB Link, concluding that the project is likely still in the interests of current and future GB consumers. WebThe CFFM1 covers only the period up to the start date of the cap and floor regime (i.e. the pre-operational period); the period of 25 years from the start date of the regime onwards ... costs); determinations made by Ofgem in relation to the appropriate value of certain parameters (e.g. cost of capital); and a number of independent external ...
Cap and floor regime: Initial Project Assessment of the
Webagainst these cap and floor values to determine whether the cap or floor is triggered. The regime also includes a symmetric financial availability incentive, linked to the cap. The consultation also outlines our proposed methodology for setting the cap and floor on returns, which is informed by proposals from CEPA.6 We propose to set the: WebSep 30, 2024 · The Viking Link project is being jointly developed by National Grid Viking Link (NGVL) and by Energinet, the Danish transmission system operator. It will be a 1.4 GW interconnector between Bicker Fen, Lincolnshire in England and Revsing in Denmark. Our cap and floor regulatory regime applies to National Grid’s 50% share of the cost and ... sof to sfo
Interconnector Policy Review - Decision Ofgem
Web4 of 15 The Office of Gas and Electricity Markets 9 Millbank London SW1P 3GE Tel 020 7901 7000 Fax 020 7901 7066 www.ofgem.gov.uk Annex 1: Cap and floor – summary of the default regime for the second window The following tables set out detailed information on the default cap and floor regime design. WebFeb 25, 2024 · introduce new special licence conditions into the electricity interconnector licence held by NBL that will give effect to NBL’s specific cap and floor regime. Please respond to [email protected] by 12 April 2024. In addition, we welcome your views on the modifications we have made to our default cap and floor financial model to … Webfinanced electricity interconnector granted the cap and floor regime: 1. The preliminary cap level, notional floor level and actual floor level at the Final Project Assessment (FPA) stage; and 2. The final cap level, notional floor level and actual floor level, as well as resulting Post Construction Adjustment (PCA) to the preliminary cap and ... softosmith