Dossier
letters of credit
Coverage of letters of credit in the Nexus archive.
- Datacentre projects could face fees for grid access to ease connection queue, Ofgem says
Energy regulator Ofgem proposes upfront fees or financial security for datacentre projects in Britain to address an electricity grid logjam. Currently, 315 datacentres are queued to connect, representing 73GW of demand, which exceeds the country's 45GW peak energy demand by 30GW.
- Datacentre projects could face fees for grid access to ease connection queue, Ofgem says
Energy regulator Ofgem proposes upfront fees or financial security for datacentre projects to address a queue of 315 projects representing 73GW of demand, which exceeds Britain's peak energy demand by 30GW. The plan aims to ease grid connection delays through requirements like letters of credit, bonds, or cash deposits.