Nemo Link, the first electricity interconnector between the UK and Belgium, today completed its first 5-year milestone with exceptional commercial and operational performance.
29.6 TWH (terawatt hours) of power has been transported between Great Britain and Belgium since the link went live on 31st January 2019 enabling electricity to be shared between the two countries for the first time.
Over the 5-year period, Nemo Link was available 99.5% outside of its planned maintenance schedule, making it one of the most reliable assets of its kind in the world.
Nemo Link demonstrated how key its role is in strengthening security of supply for British and Belgian consumers and enabling the onshore TSOs to react quickly to changes in supply due to the intermittent nature of renewable energy generation. To date more than 24.75 TWH has been imported to GB, and 4.25 TWH being exported over the link to Belgium.
Nemo Link is also the first interconnector to be delivered under the so-called ‘Cap and Floor’ regulatory framework, which sets a maximum and minimum revenue levels. In other words, this model ensures a profit on investment while limiting the level of return. Thanks to its outstanding commercial performances during its first 5 years of operation, Nemo Link is expected to return over 200 million euro to the British and Belgium consumers. This will result in grid tariffs being reduced by more than 100 million euro in each country.