Thanet OFTO Ltd.

OFTOs for financing, operating and maintaining offshore transmission assets have also led to significant cost savings for consumers, between £200 million and £400 million in the first tender round alone. A key reason for this is the competitive pressure from the tender process, which results in efficient costs of financing and running the assets. With future projects being further from shore and more complex the competitive tendering approach is expected to achieve even greater savings in future.