Practical Law UK Glossary w-001-7672 (Approx. 4 pages)
Glossary
OFTO licence
A licence awarded under section 6(1)(b) of the Electricity Act 1989 following a tender exercise administered by Ofgem which authorises the holder to participate in the transmission of electricity in respect of an offshore transmission system. The licence sets out an offshore transmission owner's (OFTO) rights and obligations as an offshore transmission asset owner and operator. For more information, see Practice notes: