Nemo Link welcomes positive decision on regulatory regime for interconnectors

Nemo Link welcomes Ofgem’s decision on regulatory regime for the proposed Nemo Link interconnector between the UK and Belgium. CREG, the Belgian regulator, will publish the regulatory regime for Nemo as an addition to the new tariff methodology.

Alan Foster, European Business Development Director, National Grid said

“The decision to allow the interconnector to be built under the new cap and floor regime gives us more certainty about the revenue streams and keeps the project on track to reach a final investment decision in Spring 2015. It’s encouraging news too for the other interconnector projects we are developing with other European partners.”

Stefaan Vanden Berghe, Elia’s Large Infrastructure Projects Director said

“We are pleased that the regulatory regime for the Nemo Link interconnector between Belgium and UK is defined and is currently being published, both in Belgium and UK. This is an essential condition for Elia to assess and decide on the final investment decision in Spring 2015.”