Mar 31 2023

MaresConnect’s response to consultation on Ofgem’s proposed approach to project delivery delays as part of the timelines and incentives framework applied to the Third Window

31 March 2023 MaresConnect Limited (MCL) welcomes the consultation on Ofgem’s proposed approach to project delivery delays as part of the timelines and incentives framework applied to the Third Window published on 24 February 2023 (the Consultation). We set out below our responses to each of the consultation questions. 1. Do you agree with the…

Feb 28 2023

MaresConnect passes Ofgem’s interconnector Third Cap & Floor Window eligibility criteria

Dublin, 28th February 2023 We are pleased to announce that MaresConnect has passed Ofgem’s interconnector Cap & Floor Window 3 eligibility criteria alongside six other projects. MaresConnect will now progress to the next stage which will involve a needs case assessment to determine which projects are in the interests of UK consumers. MaresConnect is expected…

MaresConnect Interconnector
Jul 06 2022

MaresConnect Interconnector Secures Ofgem Licence

Dublin, 06 July 2022 – Ofgem’s licence grants MaresConnect the right to own and operate an electricity interconnector project in the UK and provides certain associated powers as a statutory undertaker. MaresConnect is a proposed 750MW electricity interconnector linking the power markets of Ireland and Great Britain¹. The cable route is approximately 245km underground and…

Aug 13 2021

U.K. Energy Price Cap to Increase by GBP139 This Winter as Gas, Power Prices Soar

The energy watchdog said the increase will affect 15 million U.K. customers between October 2021 and March 2022. Around 11 million households on default tariffs paying by direct debit will see a GBP139 increase, to GBP1,277, compared with the summer 2021 price. Four million prepayment customers will see a GBP153 raise, to GBP1,309, it said.…

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