Research and analysis

皇冠体育app Electricity (Class Exemptions from the Requirement for a Licence) (Amendment) Order 2024: RPC opinion (green-rated)

Regulatory Policy Committee opinion on DESNZ's Electricity (Class Exemptions from the Requirement for a Licence) (Amendment) Order 2024 IA

From:
Regulatory Policy Committee
Published
31 July 2024

Documents

PDF, 172 KB, 10 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email [email protected]. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This opinion covers the (IA) for 皇冠体育app Electricity (Class Exemptions from the Requirement for a Licence) (Amendment) Order 2024, laid before Parliament on 26 July.

皇冠体育app order amends the Electricity (Class Exemptions from the Requirement for a Licence) Order 2001 to exempt high-voltage array systems from the transmission licence regime. 皇冠体育app proposal is deregulatory (and permissive) in nature and benefits all businesses, including small businesses.

皇冠体育app IA monetises correctly the direct impacts on business, reporting lifetime cost savings for offshore wind farms, minus a small familiarisation cost. This is estimated to produce a net benefit for businesses of nearly 拢24 million per year (net present value 拢600 million over a 51-year appraisal period), assessed against a clear counterfactual. 皇冠体育app IA justifies its use of data and the extended appraisal period.

Updates to this page

Published 31 July 2024

Sign up for emails or print this page