Ofgem has announced it will reassess proposals to build an electricity link between England and Ireland.
It has published an open letter which provides an update on its assessment for the 500MW ‘Greenlink’ interconnector after taking new information into account.
It follows a consultation earlier this year when the regulator said it would not take the project forward as it “does not provide sufficient value for consumers”.
“Our March 2015 consultation noted that we were minded not to grant the Greenlink project a cap and floor regime. This was because our analysis at the time showed the project was unlikely to be in GB consumers’ interests”, Ofgem stated.
However it is now taking new information into consideration – provided by developer Element Power – and is seeking views before it makes a final decision.
It is accepting responses until 11th September and a decision on the Initial Project Assessment is expected to be taken later this year.