Nemo Link - Approval of an updated ICFt methodology


Publication date


Industry sector

Transmission Network

Licence type

Electricity Interconnector Licence

This letter sets out our decision to approve Nemo Link Limited’s proposed methodology for the calculation of the value of the Interconnector Cap and Floor Revenue Adjustment term (ICFt) under Part C of Special Condition 10 of Nemo Link Limited’s electricity interconnector licence.

The methodology was developed by Nemo Link and proposes changes to the methodology that was approved by Ofgem in January 2022. Following our assessment of the submitted documents, we are satisfied that Nemo Link’s ICFt methodology meets the requirements detailed in Special Condition 10 of its electricity interconnector licence. We therefore approve the methodology as detailed in the Appendix.