Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
The Eastern Green Link 1 joint venture (National Grid Electricity Transmission and SP Transmission) submitted its initial costs and funding request to Ofgem in September 2023 as part of the Accelerated Strategic Transmission Investment (ASTI) Project Assessment (PA). The submission set out direct construction costs and higher-confidence contingency requests (P50/P80) and sought regulatory funding allowances and reopener mechanisms to manage uncertainty and delivery risk. This application initiated Ofgem’s PA process for EGL1 and triggered subsequent consultations on cost allowances, contingencies and mechanisms for potential further funding.