Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
The Gas and Electricity Markets Authority (Ofgem) approved TC Gunfleet Sands OFTO Ltd’s first Statement of the Basis of Offshore Transmission Owner Charges on 19 July 2011, with the statement effective from the same date. This regulatory document, required under Amended Standard Condition E12-J9 of the offshore transmission licence, sets out how the OFTO charges National Grid Electricity Transmission (as NETSO) for transmission owner services, including general system charges, site-specific charges, OFTO of last resort charges, and other items such as application fees and outage-change costs for the Gunfleet Sands offshore transmission assets.