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<p>Interconnectors are built to share energy with some of our closest European allies,
who are also generating renewable, clean energy at affordable prices, enabling access
to lower-cost electricity for GB consumers. Analysis supporting the Smart Systems
and Flexibility Plan<sup> [1]</sup> showed that increasing the level of interconnection
could reduce system costs by over £1bn annually (based on 2012 prices).</p><p> </p><p>New
interconnectors are subject to an independent and robust regulatory process run by
Ofgem, ensuring that only projects which bring benefits to GB consumers are built.</p><p>
</p><p>[1] <a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fpublications%2Ftransitioning-to-a-net-zero-energy-system-smart-systems-and-flexibility-plan-2021&data=05%7C02%7CParliamentary.PQ%40energysecurity.gov.uk%7C0ddc514211ec4a82506708dc6379fab9%7Ccbac700502c143ebb497e6492d1b2dd8%7C0%7C0%7C638494622800431184%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=cChehMSRpVrxCvsiJHNxrK2RJT%2FKWV5LFjioXCOhz%2Fo%3D&reserved=0"
target="_blank">https://www.gov.uk/government/publications/transitioning-to-a-net-zero-energy-system-smart-systems-and-flexibility-plan-2021</a></p>
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