Financial Other

DNV KEMA Ltd completed an ex-post assessment for Ofgem E-Serve of the costs incurred in developing the Greater Gabbard offshore transmission assets, comparing the Indicative Transfer Value (ITV) with the developer’s proposed Final Transfer Value (FTV). The study reviewed variation orders and certain 33 kV circuit breaker allocations and took a position on whether these costs and any delay-related costs were economically and efficiently incurred, informing Ofgem’s determination of the final transfer value for the Greater Gabbard OFTO assets.