Friday 17 Oct 2014 @ 15:25
Ofgem
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Ofgem shortlists five new electricity interconnectors

• Five new electricity interconnectors, announced Yesterday, could be built in next five years
• Together with two projects already assessed, potential investment of up to £6bn
• More interconnection will help with GB’s security of supply

Ofgem has yesterday announced the names of five new interconnector projects that could be built in the future. Together with the ElecLink and Nemo projects that Ofgem has already assessed, these seven projects could lead to investment of up to £6bn and provide up to 7.5GW of additional electricity capacity in GB.

Ofgem has decided that all five of the projects submitted meet the minimum eligibility criteria. The applications follow Ofgem’s decision to extend the cap and floor regime to electricity interconnectors that can connect to the network by 2020. The proposed new interconnectors, if approved, would connect GB’s electricity network to France, Ireland, Norway and Denmark and would improve security of energy supply.

Click here for full press release

 

Channel website: https://www.ofgem.gov.uk/

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