Open letter on the outcome of the aggregation exercise for Offshore Transmission Tender Round 6 (TR6)
Summary
Ofgem announces the repayment of excess funds collected during the Offshore Transmission Tender Round 6 (TR6) aggregation exercise. The authority has decided how to return overpayments made by offshore wind developers for transmission assets. This is an administrative outcome following the TR6 procurement process.
Why it matters
Minor administrative housekeeping that reflects the settlement mechanics of offshore transmission procurement. The existence of excess funds suggests the aggregation process collected more from developers than needed for the actual transmission costs.
Key facts
- •TR6 aggregation exercise generated excess funds requiring repayment
- •Published 20 March 2024
Areas affected
Memo
Open letter on the outcome of the aggregation exercise for Offshore Transmission Tender Round 6 (TR6) | Ofgem Please enable JavaScript in your web browser to get the best experience. BETA This site is currently in BETA. Help us improve by giving us your feedback . Close alert: Open letter on the outcome of the aggregation exercise for Offshore Transmission Tender Round 6 (TR6) Publication type: Correspondence and other Publication date: 20 March 2024 Topic: Offshore electricity transmission Subtopic: OFTO tender round 6 Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn This letter sets out the Authority’s decision regarding the repayment of the excess funds following the TR6 aggregation exercise. Main document TR6 repayments (open letter) [PDF, 157.15KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close