Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 24 February 2023, Ofgem opened a public consultation on its minded-to decision regarding timelines and incentive changes for the Third Cap and Floor Window for interconnectors, under which NU-Link had applied. The NU-Link consortium submitted a detailed response letter dated 21 March 2023, welcoming greater flexibility such as project-specific Regime Start Dates and a guaranteed 25-year regime, but expressing serious concerns about the proposed 2032 Backstop Date and associated needs-case reassessment risks for projects like NU-Link.