Decision on National Grid Electricity Transmission’s opening asset value for project ‘England-Scotland Interconnector’

Decision

Publication date

Industry sector

Transmission Network

The England-Scotland Interconnector project is an electricity transmission investment to increase network capacity between England and Scotland. It has been jointly delivered by National Grid Electricity Transmission plc (NGET) and SP Transmission Limited.

We have determined that the Opening Asset Value for NGET’s part of the project will equal the forecast set out in NGET’s licence, £105.983 million. This value, in turn, determines the revenue that NGET receives for the project during the five years following construction (from 2011-12 to 2015-16).

We are satisfied that NGET has appropriately complied with the overall output to deliver the additional boundary capability in 2010-11, as envisaged by the original funding arrangements.