Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 4 August 2011, Ofgem published its final cost assessment report for the Gunfleet Sands transmission assets, concluding the cost assessment process for this first-round OFTO project. The Authority determined an assessed transfer value of £49,467,108 (around £49.47 million) for the offshore substation and the submarine and land export cables, up from an initial estimate of £46.4 million and an indicative value of £48.2 million, and used this figure to set the regulated transfer price and underpin the tender revenue stream for TC Gunfleet Sands OFTO Ltd.