Discontinuation of LIBOR and transition to SONIA – guidance for Offshore Transmission Owners
- Publication type:
- Guidance
- Publication date:
- Topic:
- Offshore electricity transmission
Our guidance sets out Ofgem's view that the transition from LIBOR to SONIA will not be considered a Qualifying Refinancing under the Offshore Transmission Licence (OFTO licence) and the action each OFTO must take to notify Ofgem.