Electricity interconnector Use of Revenues report 2024
Summary
Ofgem Electricity Interconnector Use of Revenues report 2024. Reports on how cap-and-floor interconnectors use the revenues they collect from cross-border electricity flows.
Why it matters
Annual transparency report on how interconnector congestion revenues are deployed (cost reductions, infrastructure reinvestment, regulator-approved alternative uses). Useful as a window on the interconnector regulatory regime's financial reality.
Areas affected
Memo
Electricity interconnector Use of Revenues report 2024 | 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: Electricity interconnector Use of Revenues report 2024 Publication type: Reports, plans and updates Publication date: 28 February 2025 Topic: Electricity interconnectors Print this page Related links Electricity interconnector Use of Revenues report - 2023 Share the page Share on Facebook Share on Twitter Share on LinkedIn Background Ofgem is required to annually publish, by 1 March, a report detailing the: amount of revenues collected by interconnector Transmission System Operators (TSOs) from the allocation of interconnector capacity; and the actual use of revenues by interconnector TSOs over the period 1 January to 31 December. Why this is important It is a requirement for licensees to report their use of revenues to us. The purpose of Ofgem's analysis is to ensure that consumers in Great Britain (England, Scotland and Wales) continue to benefit from interconnection, by ensuring the appropriate use of revenues resulting from the allocation of interconnector capacity. We assess the submissions and report this information yearly to provide transparency to the public. EWIC, IFA, NGIFA2, Nemo Link, NGNSL and NGVLL have reported to Ofgem with respect to total revenues made and the actual use of revenues for the period 1 January 2024 to 31 December 2024. Methodology The use of revenues is subject to a methodology. The Ofgem-approved Methodology sets out the conditions under which interconnector revenues can be used for the purposes referred in Article 19(2) of the Retained Electricity Regulation. The Methodology applies to revenues collected from 1 January 2024. Main document Use of Revenues report for 2024 [PDF, 134.63KB] Print this page Related links Electricity interconnector Use of Revenues report - 2023 Share the page Share on Facebook Share on Twitter Share on LinkedIn Close