Offshore Transmission: Draft cost assessment for the Seagreen Wind Energy Limited (SWEL) transmission assets
Decision
- Publication date
- Industry sector
- Offshore Transmission Network
This document sets out the cost assessment for the Seagreen Wind Energy Limited (SWEL) Transmission Assets (the Transmission Assets). This assessment of costs will be used by the Gas and Electricity Markets Authority (the Authority) to determine the value of the Transmission Assets to be transferred to the successful bidder in the tender process.
The Final Transfer Value of the Transmission Assets is established as £621.2m. This value has been published in the licence consultation under section 8A of the Electricity Act 1989 (the Act), and we do not expect any further changes to the Assessed Costs. However, we do not intend to finalise the Final Transfer Value until the Authority has determined to grant an offshore transmission licence to the successful bidder.