Transmission Investment (TI), which is developing the LirIC electricity interconnector project between Scotland and Northern Ireland has said that it is pleased with Ofgem’s announcement that it has reversed its earlier ‘minded to’ position on the project’s suitability for Cap and Floor regulatory treatment in Great Britain.
Keith Morrison, Project Director for TI LirIC, said,
“Transmission Investment are pleased that Ofgem has worked to recognise the economic case for more interconnection between Great Britain and the single electricity market (SEM) on the Island of Ireland, as demonstrated by our and multiple other independent expert studies.”
“We are also pleased that they have recognised the specific circumstances of LirIC and how cooperation and coordination with UR can better support the UK to achieve security of supply, and its net zero targets.”
He continued,
“Transmission Investment now looks forward to working with all stakeholders to the LirIC interconnector project at pace. In the coming months we anticipate further important events including the completion of all regulatory licencing requirements.”
