Tweaks to cap and floor regime for interconnectors

Ofgem has made a final decision on a series of variations to the cap and floor regime requested by the developers of the Greenlink and NeuConnect interconnectors to Ireland and Germany. To help them service their debts, the regulator has approved a request for consumers to continue to top up their revenues to the floor if the interconnectors fail to meet their 80 per cent minimum availability target, on the condition that this money is later repaid.

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