IFA Use of Revenue framework
- Content:
- Correspondence and other
- Publication date:
- Last updated:
- Topic:
- Electricity interconnectors
- Industry sector:
- Transmission Network
Ofgem is publishing statutory consultations introducing changes to the licences of National Grid Electricity Transmission and National Grid Interconnectors Ltd (NGIC) to enable money to be returned to consumers by IFA (Interconnector France Angleterre) via Transmission Network Use of System charges.
Ofgem has reached agreement with National Grid on an appropriate framework to enable Ofgem to agree IFA’s Use of Revenues statements and the amount of money (if any) to be returned to consumers.
This note describes that framework.