About: Offshore transmission owner

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Offshore Transmission Owners (OFTOs) operate and maintain electrical transmission assets in the United Kingdom electricity market. In some cases, they also design and build these assets. In other cases, Generators design and build the electrical transmission assets and then transfer them to OFTOs at construction completion. In the United Kingdom electricity market different interests are separated, with this practice beginning in the 1980s. The activities of generator, transmission operator, system operator, distribution operator and supplier are separately licensed by Ofgem.

Attributes	Values
rdfs:label	Offshore transmission owner (en)
rdfs:comment	Offshore Transmission Owners (OFTOs) operate and maintain electrical transmission assets in the United Kingdom electricity market. In some cases, they also design and build these assets. In other cases, Generators design and build the electrical transmission assets and then transfer them to OFTOs at construction completion. In the United Kingdom electricity market different interests are separated, with this practice beginning in the 1980s. The activities of generator, transmission operator, system operator, distribution operator and supplier are separately licensed by Ofgem. (en)
dcterms:subject	Energy companies
Wikipage page ID	58059699 (xsd:integer)
Wikipage revision ID	1117991162 (xsd:integer)
Link from a Wikipage to another Wikipage	Energy companies Robin Rigg Wind Farm Energy Act 2004 Barrow Offshore Wind Farm Beatrice Wind Farm Hornsea Wind Farm Humber Gateway Wind Farm East Anglia ONE Greater Gabbard wind farm Lincs Wind Farm London Array Burbo Bank Offshore Wind Farm Triton Knoll Walney Wind Farm West of Duddon Sands Wind Farm Westermost Rough Wind Farm Dudgeon Offshore Wind Farm Gunfleet Sands Offshore Wind Farm Gwynt y Môr Thanet Wind Farm Ormonde Wind Farm Race Bank wind farm Rampion Wind Farm Sheringham Shoal Offshore Wind Farm Ofgem
Link from a Wikipage to an external page	http://www.galloperwindfarm.com/ https://hornseaprojects.co.uk/hornsea-project-two https://www.ofgem.gov.uk/press-releases/offshore-transmission-ofto-regime-now-fully-place-set-achieve-further-savings https://www.4coffshore.com/news/race-bank-ofto-merger-approval-nid11189.html https://www.offshorewind.biz/2019/04/12/five-remain-in-gbp-2-7-billion-ofto-race-in-uk/ https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/041219-five-bidders-shortlisted-for-uk-offshore-transmission-assets https://www.morayeast.com
sameAs	Offshore transmission owner Offshore transmission owner
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Wind_power_in_the_United_Kingdom dbt:Energy-stub dbt:Electricity_generation
has abstract	Offshore Transmission Owners (OFTOs) operate and maintain electrical transmission assets in the United Kingdom electricity market. In some cases, they also design and build these assets. In other cases, Generators design and build the electrical transmission assets and then transfer them to OFTOs at construction completion. In the United Kingdom electricity market different interests are separated, with this practice beginning in the 1980s. The activities of generator, transmission operator, system operator, distribution operator and supplier are separately licensed by Ofgem. The groundwork was laid by the Energy Act 2004, with the first offshore transmission license being awarded in 2011. As at 2021 all the OFTO assets in the UK have been built by the wind farm developer, who then is required to sell the transmission assets to a separately licensed Offshore Transmission Owner or OFTO. Developers are required to divest these assets because their generation license forbids them from also owning transmission assets. The divestment must take place before the Generator Commissioning Clause date, the date on which its exemption from this requirement lapses. Divestment is managed via a regulated tender process administered by the energy regulator Ofgem. Qualifying bidders are required to conduct due diligence before submitting a bid to purchase the assets for transfer value determined by Ofgem and receive their bid Tender Revenue Stream (TRS) for a fixed license period. Ofgem then appoints a Preferred Bidder who negotiates the purchase terms with the Developer, after which Ofgem awards a transmission license and the transfer takes place. (en)
prov:wasDerivedFrom	wikipedia-en:Offshore_transmission_owner?oldid=1117991162&ns=0
page length (characters) of wiki page	9622 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Offshore_transmission_owner
is Link from a Wikipage to another Wikipage of	OFTO
is Wikipage redirect of	OFTO
is foaf:primaryTopic of	wikipedia-en:Offshore_transmission_owner

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