OFTO: further evolution of a mature asset class

OFTO: further evolution of a mature asset class | 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: OFTO: further evolution of a mature asset class Publication type: Consultation Publication date: 14 July 2025 Last updated: 8 December 2025 Closed date: 9 September 2025 Status: Closed (with decision) Topic: Offshore electricity transmission Show all updates Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn We are seeking views on High Voltage Direct Current ((HVDC) availability, control of Offshore Transmission Owner (OFTO) assets, changes to the Generator Commissioning Clause, and Bidder Incentive Mechanisms. Details of outcome In July 2025, we consulted on changes to the OFTO tender process, the availability target for HVDC assets, OFTO access and control, and potential options to incentivise bidders to finalise transactions more efficiently. This consultation received 20 responses. This decision document sets out views we received from generators, OFTOs, industry representatives, and The Crown Estate. We have carefully considered all responses and set out our decisions on the matters raised. Read the full outcome OFTO: Further evolution of a mature asset class decision [PDF, 259.24KB] Original consultation The Offshore Electricity Transmission (OFTO) regime has operated steadily and successfully since 2012, delivering 27 offshore transmission assets to responsible owners through a competitive tender process that keeps costs down for consumers. Since 2021, Ofgem has been engaging with stakeholders about a range of evolutionary changes aimed at ensuring the OFTO regime remains effective. This consultation follows conversations with stakeholders on: early windfarms and OFTO assets reaching the end of the tender revenue stream the duration and efficiency of the tender process in relation to the generator commissioning clause (GCC) growth in the industry and technological advancements of assets What we are consulting on HVDC availability Control of OFTO assets Changes to the Generator Commissioning Clause Bidder Incentive Mechanisms Who should respond People with an interest in offshore transmission, particularly developers, offshore transmission owners, investors and potential bidders. We also welcome responses from other stakeholders and the public. Why your views matter By responding to this consultation, you will help improve our understanding of stakeholders’ perspectives and inform our decisions on these issues. Next steps We will review all responses and will publish our decisions later this year. We may consult further on outstanding questions to supplement our understanding. Main document OFTO: Further Evolution of a Mature Asset Class [PDF, 303.74KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn All updates 8 December 2025 added outcome of consultation. Close