Regulatory Other

On 11 February 2026, Ofgem and CRE issued an update to their February 2025 joint statement on GB–France electricity interconnection. The update concludes that, at this stage, the conditions are not met for either national regulatory authority to grant regulatory approval for a new interconnector between GB and France, and that the regulators have agreed to prioritise completion of a joint in-depth study before approving any new GB–France interconnector projects. The study is intended to further explore and establish the need for new interconnection projects in the long term and the potential cost-sharing mechanisms between the two countries, and the regulators state they aim to proceed with the exercise within the next one to two years. The statement references commitments made at the July 2025 UK–France Leaders Summit and flags HVDC supply chain cost escalation and national network reinforcement needs as material external factors. It does not name any individual project. For ElecLink 2 — already in early development with an Ofgem operational interconnector licence granted to Getlink Projects 2 Limited on 25 April 2025 — the practical effect is that no GB-side cap-and-floor or other revenue regime decision, and no FR-side regulatory approval, is expected in the near term, pending completion of the joint NRA study. Signed by Beatrice Filkin (Ofgem) and Emmanuelle Wargon (CRE).