Consultation on the Final Project Assessment of the NeuConnect interconnector to Germany
Consultation
- Upcoming
- Open
- Closed (awaiting decision)
- Closed (with decision)
Publication date
Closed date
Company
Industry sector
Transmission Network
Decision
The cap and floor regime is the regulated route for interconnector development in GB. There are three main stages to our cap and floor regime – the Initial Project Assessment (IPA), the Final Project Assessment (FPA) and the Post Construction Review (PCR). Following our IPA of the NeuConnect interconnector we decided to grant the project a cap and floor regime in principle in January 2018.
The NeuConnect project is being developed by NeuConnect Britain Limited. It will be a 1400MW interconnector between Isle of Grain in Kent, Great Britain and Wilhelmshaven in Germany. Our cap and floor regulatory regime applies to the GB portion of the cost and revenues of the project (50% share).
As part of the FPA consultation, we have provided a cost assessment of the NeuConnect project and set out our minded to position on efficient expenditure which will go on to inform the project’s provisional cap and floor levels. We also request views on our high level technical assessment and have provided confirmation of the cap and floor regime design.
This paper is a consultation on the costs and technical aspects of the FPA for the NeuConnect interconnector. Following financial close, we will update the cap and floor financial model and publish the preliminary cap and floor levels based on the costs that we have assessed in this document.
Within this consultation we have reviewed aspects of the needs case for the project and set out two potential approaches to inform our FPA decision. We request views on any extra steps we should consider to inform our decision on the needs case for the project.
Respond name
Aliabbas Bhamani