Transition

Over $86 million to be split between UK and Belgium consumers as 1 GW subsea interconnector’s ‘remarkable’ revenues exceed Ofgem’s cap

An interconnector between the UK and Belgium, which is the first subsea electricity cable link to be regulated under the cap and floor regime set by the UK’s regulator Office of Gas and Electricity Markets (Ofgem) to spur further interconnector developments, will be giving back more than $43 million