What does Ofto stand for?

Offshore transmission owner (OFTO) Related Content. A transmission owner who assumes responsibility for offshore transmission assets. An OFTO is competitively appointed by Ofgem through a tender process and is awarded an OFTO licence.

What is offshore transmission network?

What is offshore transmission? Offshore transmission systems provide the connections between offshore renewable energy generation, such as an offshore wind farm, and the onshore electricity network.

How do OFTOs make money?

OFTOs receive their revenues from the National Electricity Transmission System Operator (NETSO), a ring fenced, Ofgem regulated, investment grade rated business with a low risk profile.

How does offshore wind transmission work?

The electricity produced by the generator is fed down through the inside of the tower. The electricity is transmitted via underwater cables to the substation. At the substation, the electricity is converted to high voltage current (+150 kV). Electricity is transported through the distribution network until homes.

What are Ofto assets?

Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network.

What does offshore wind mean?

However, onshore wind is when the air blows from the ocean to the shore, while offshore wind is the air that blows from the land to the sea, regardless of its cardinal heading, but its orientation to the coastline.

How is TNUoS calculated?

TNUoS tariffs are set a year ahead and charges are reconciled based on actual usage at the end of that year. Users are then billed monthly for this TNUoS charge. Non half hourly charges are based on their annual consumption between 4 and 7pm (in kWh), through a p/kWh tariff.

What is BSUoS?

What is BSUoS? BSUoS is the Balancing Services Use of System charge and reflects the cost of balancing the system – for example running the national control room, frequency response arrangements, other ancillary services and constraint costs (paying generators to turn on or off to maintain system security).

What is offshore and onshore?

What Is Onshore and Offshore? Onshore means that business activity, whether that’s running a company or holding assets and investments, takes place in your home country. Going offshore, on the other hand, means these activities take place in another country, location, or jurisdiction.