Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In May 2020, UK energy regulator Ofgem approved modifications to its existing cap-and-floor regulatory regime to enable the delivery of project-financed interconnector schemes such as NeuConnect, confirming that NeuConnect would be developed under Ofgem’s cap-and-floor revenue framework. This decision established a regulated revenue mechanism for the 1.4 GW UK–Germany HVDC link, balancing investor returns with consumer protection.