Decision on cap and floor project eligibility
In August 2014 we published our decision to extend the cap and floor regime to near-term electricity interconnectors, and opened an eight-week application window. This application window closed on 30 September 2014.
During that window we received five applications. We’ve assessed these against our eligibility criteria and have decided that they all meet the minimum eligibility criteria, and so can progress to the Initial Project Assessment (IPA) stage of our cap and floor assessment process.
The IPA stage will involve us assessing the impacts of the projects, how the projects interact, and whether they are likely to be in the interests of GB consumers. We expect this stage to take three to six months. We will consult on our draft conclusions.