Electricity interconnector Use of Revenues report - 2023
Summary
Ofgem publishes the 2023 report on electricity interconnector Use of Revenues. Documents how interconnector operators spent congestion revenues, including on network investment and tariff reduction.
Why it matters
Transparency mechanism showing whether interconnector revenues benefit consumers. Congestion revenues can be substantial, and their allocation affects the net cost of interconnection.
Areas affected
Related programmes
Memo
Electricity interconnector Use of Revenues report - 2023 | 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 - 2023 Publication type: Reports, plans and updates Publication date: 29 February 2024 Topic: Electricity interconnectors Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn 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 EWIC, IFA, NGIFA2, Nemo Link and NGNSL have reported to Ofgem with respect to total revenues made and the actual use of revenues for the period 1 January 2023 to 31 December 2023. Main document Use of Revenues report for 2023 [PDF, 121.53KB] Print this page Share the page Share on Facebook Share on Twitter Share on LinkedIn Close