Gwynt y Môr OFTO Income Adjusting Event Determination Under Paragraph 23
Summary
Ofgem received a notice from Gwynt y Môr OFTO plc on 22 October 2025 in respect of an event which the company considers to be an Income Adjusting Event under Amended Standard Condition E12-J3. Ofgem published its final determination in relation to this notice on 23 April 2026. The determination addresses whether the asserted event qualifies as a compensable Income Adjusting Event affecting Gwynt y Môr OFTO plc's regulated transmission revenue.
“On 22 October 2025, the Authority received a notice from Gwynt y Môr OFTO plc in respect of an event which Gwynt y Môr OFTO plc considers to be an income adjusting event (IAE).”
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What changed
Ofgem issued a formal determination in response to a Notice of an Income Adjusting Event submitted by Gwynt y Môr OFTO plc on 22 October 2025. The determination, published on 23 April 2026, addresses whether the asserted event qualifies as a compensable Income Adjusting Event under the offshore transmission regime governed by Amended Standard Condition E12-J3.
Affected parties include Gwynt y Môr OFTO plc as the licensee and any parties with interests in the offshore transmission infrastructure revenue adjustments. The outcome of this determination may affect the regulated transmission revenue payable to the OFTO under its licence, depending on whether Ofgem accepted or rejected the IAE claim. Other OFTO licensees facing similar income-adjusting events should monitor this determination for interpretive guidance on the scope of E12-J3.
Archived snapshot
Apr 23, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Gwynt y Môr OFTO plc: determination under paragraph 23 of Amended Standard Condition E12-J3
Publication type: Decision Publication date:
23 April 2026
Topic: Offshore electricity transmission Print this page
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- Our determination in relation to a Notice of an Income Adjusting Event from Gwynt y Môr OFTO plc.
On 22 October 2025, the Authority received a notice from Gwynt y Môr OFTO plc in respect of an event which Gwynt y Môr OFTO plc considers to be an income adjusting event (IAE).
The Authority sets out its determination in this letter.
Documents
Final determination in relation to notice of an income adjusting event from Gwynt y Môr OFTO plc [PDF, 204.39KB] Print this page
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