Open Season Purpose
The Channel Cable interconnector project, owned by Channel Cable Limited will provide new transmission interconnector capacity from Normandy in France to Sussex in England (“Channel Cable”) to allow for cross-border electricity trading and further market integration.
This open season process (“Open Season”) provides a timely opportunity for potential capacity holders on Channel Cable to secure discounted rates for a long-term capacity commitment for transmission rights between France and Great Britain.
Channel Cable is finalising engineering specifications and ongoing permitting for construction of the interconnector.
The first phase of the Open Season conducted during the initial feasibility stages was informal and non-binding in nature.
Sufficient market support and demand was indicated through non-binding commitments to support progressing the project.
In this the second phase, the binding portion of the Open Season; Subject to concluding this commercial commitment process and specific conditions set out in the draft Capacity Purchase Agreement, Channel Cable intends to take the necessary steps to implement a new interconnector between France and Great Britain.