OFTO build model: policy update
Decision
- Publication date
- Industry sector
- Offshore Transmission Network
We consulted on initial proposals for the development of a late competition offshore transmission owner (OFTO) build model for non-radial transmission assets in April 2024.
Outcomes from the consultation
We have reviewed all responses from our April 2024 consultation. In light of the feedback received and due to the change in landscape to the number of potential non-radial assets that could use our OFTO build model, our plans have changed. We intend to move away from developing a late competition model in favour of developing an earlier competition model.
Next steps
Our focus will be on:
- shifting to an earlier build model
- identifying suitable pilot projects
- developing a long-term model that can be used in different future scenarios
Give us your feedback
We aim to approach stakeholders over the next few months to discuss the early competition OFTO build model. Any feedback about this change in policy can be sent to us at oftobuild@ofgem.gov.uk.