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Ofgem considers interconnectors\u2019 contribution to welfare as part of their assessment for regulatory approval.<\/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>
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>
The full details of Ofgem\u2019s assessments for these projects, and a small number of other projects which have been assessed separately, can be found at<\/p>