Regulatory Other

On 20 February 2025, Ofgem and the French energy regulator CRE issued a joint statement on the opportunity for additional GB–France electricity interconnection capacity. The statement notes that RTE provided CRE with a preliminary analysis of four candidate cross-Channel projects in 2023 — ElecLink 2, FAB Link, GridLink and AQUIND — and that a subsequent CRE study found roughly 1 GW of additional GB–France capacity could benefit France only under specific cost-redistribution arrangements, because equal cost and revenue sharing would leave benefits to France insufficient relative to project costs. The regulators committed to continue detailed discussions, in light of HVDC supply chain cost escalation and national network reinforcement needs, with a stated aim of publishing an updated joint statement on regulatory positions by the end of October 2025. The statement does not endorse or prefer any individual project among the four, and does not grant any project (including ElecLink 2) a cap-and-floor regime or any other regulatory revenue scheme; ElecLink 2 is named purely as one of four projects included in RTE's preliminary analysis. The statement was signed by Beatrice Filkin (Ofgem, Director, Major Projects) and Emmanuelle Wargon (President, CRE).