Electricity Interconnectors: Germany

(asked on 13th July 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what funding (a) his Department and (b) predecessor departments have provided to the NeuConnect project for an electricity interconnector between the UK and Germany.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 20th July 2023

The Department for Energy Security and Net Zero does not provide direct funding for interconnectors. Electricity interconnectors can be supported by a cap and floor regime regulated by Ofgem which provides developers with a minimum return and a limit on potential earnings.

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