Negative
Setback or risk materialised
High Impact
Major milestone or critical setback
In its final Initial Project Assessment decision for the Third Cap and Floor Window, published on 12 November 2024, Ofgem granted a cap and floor regime in principle only to MaresConnect, LirIC and Tarchon, and, as later summarised by the Belgian regulator, negatively assessed the Cronos GB–Belgium interconnector, effectively rejecting its application for cap and floor revenue support.