News
06 June 2023

Ofgem plans OFTO asset auctions worth £7bn

In:
Power
Region:
Europe

UK energy regulator Ofgem has hosted a conference for prospective bidders to outline its plans to auction offshore transmission assets worth £7 billion ($8.68 billion).Ofgem intends to auction off around ten Offshore Transmission Owner (OFTO) assets in two bidding rounds in 2024 and 2025. The...

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