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<p>Ofgem considers interconnectors’ contribution to welfare as part of their assessment
for regulatory approval.</p><p>The first round of projects that received regulatory
approval from Ofgem showed GB consumer welfare benefits of up to £12 billion over
their 25 year regulated lifetimes.</p><p>The second round of projects that received
regulatory approval from Ofgem (GridLink, NeuConnect, and NorthConnect) showed GB
consumer welfare benefits of over £7 billion over their lifetimes.</p><p>The full
details of Ofgem’s assessments for these projects, and a small number of other projects
which have been assessed separately, can be found at</p><p><a href="https://www.ofgem.gov.uk/electricity/transmission-networks/electricity-interconnectors"
target="_blank">https://www.ofgem.gov.uk/electricity/transmission-networks/electricity-interconnectors</a>.</p>
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