Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 4 September 2020, Ofgem (the Gas and Electricity Markets Authority) issued its final decision on TC Beatrice OFTO Limited’s compliance with Third Package unbundling requirements, certifying the company as sufficiently unbundled from generation and supply interests to act as the offshore transmission owner for the Beatrice offshore transmission project, with TC Beatrice OFTO Limited expected to become the licensed OFTO in January 2021.