Cap and floor regime: Publication of supply chain plans for successful IPA projects
Reports, plans and updates
Publication date
Industry sector
Transmission Network
Related information
- Cap and floor regime: Initial Project Assessment for the FAB Link, IFA2, Viking Link and Greenlink interconnectors
- Decision on the Initial Project Assessment of the FAB Link, IFA2 and Viking Link interconnectors
- Decision on the Initial Project Assessment of the Greenlink interconnector
- Decision to roll out a cap and floor regime to near-term electricity interconnectors
In July and September 2015 we published our decisions to grant the FAB Link, IFA2, Viking Link and Greenlink interconnectors a cap and floor regime in principle, following our Initial Project Assessment of the projects.
We attached a number of conditions to our decisions and the projects will now continue with development and will submit information for our Final Project Assessment within two years of our relevant decision. In addition, we noted that we will work with developers to provide a public supply chain plan for each project. Supply chain plans have been used successfully in other areas of energy infrastructure, most notably for CfD generation projects, to provide greater visibility and awareness in the supply chain.
Today we are publishing the first iteration of the supply chain plans for the FAB Link, IFA2, Viking Link and Greenlink projects. We think that these plans can help to encourage the development of a long-term sustainable supply chain for interconnectors. We intend for developers to also publish these on their relevant project websites, and we expect to request updates to these plans every six months.
We are keen to engage with any parties interested in the content of these reports. For further information, get in touch with the project developers or with us at Cap.Floor@ofgem.gov.uk.