Changes to the financial parameters of the cap and floor regime for window 3 electricity interconnectors - decision
Decision
- Publication date
- Industry sector
- Transmission Network
- Offshore Transmission Network
In September 2023 we published a consultation (the First Consultation) on changes to the financial parameters of the cap and floor regime for Window 3 electricity interconnectors and risk considerations for offshore hybrid assets. Subsequently, in July 2024, we published a further consultation on the cap rate for the cap and floor regime for Window 3 electricity interconnectors (the Second Consultation).
This decision addresses Section 1 of the First Consultation (Proposed changes to the cap and floor regime design parameters for Window 3 interconnector projects) and the entirety of the Second Consultation. It provides our decision on the financial parameters that will apply in the cap and floor regime for Window 3, and also for possible application to subsequent application windows’, electricity interconnectors.