A decision for this consultation was published on Tuesday 14 November 2023.
This consultation sets out our proposed approach to providing a means for interconnector projects of the Third Cap and Floor Window for Electricity Interconnectors that have encountered delays, caused by force majeure events, during the pre-operational period to request a later Regime Start Date for the Authority’s consideration.
It includes a statutory consultation on proposed modifications to the standard conditions of the electricity interconnector licence. We are interested in your views on our proposal to:
We are also seeking views on our proposal to put in place a complementary process for considering requests submitted before licence conditions, implementing the cap and floor regime, take effect in the licence granted to an affected licensee.
This process largely mirrors the mechanism contained in proposed new standard condition 26B.
This consultation more widely fits within the timelines and incentives framework applied to the Third Cap and Floor Window for Electricity Interconnectors. Separately we are in parallel consulting on new and modified incentives and concepts to the treatment of interconnector project delivery delays.
Please send responses by 31st March 2023 to: Cap.Floor@ofgem.gov.uk