Decision on the calculation of Interest During Construction (IDC) and the IDC rate to apply during 2018/19 for offshore transmission and future cap and floor interconnectors
Decision
We published our consultation on 23 January 2018. We received five responses to the consultation. This letter sets out our decision on the IDC rates for offshore transmission and electricity interconnectors under the cap and floor regime, to apply to projects which take a Final Investment Decision (FID) during 2018/19.
Following a public consultation process and a careful consideration of stakeholders’ views, we have decided the following: