Joint Position of Ofgem and ACM on BritNed Development Limited’s 10-Year Review Report
Decision
- Publication date
- Company
- BritNed Development Limited
- Industry sector
- Transmission Network
This document sets out the joint position of Ofgem and the Netherlands Authority for Consumers & Markets (ACM) on BritNed Development Limited’s 10-year review of revenues for the BritNed interconnector, which was submitted in accordance with their amended exemption decision.
It is our position that:
- BritNed’s 10-year report submission satisfies the condition set out in the exemption decision; and
- the forecast whole-project internal rate of return lies below the cap requested by the European Commission in their amendment to the exemption for the interconnector project.