Direction for the SOPRPt value for National Gas Transmission plc 2023-2024
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On 30 September 2024, National Gas Transmission plc (NGT) submitted a request to Ofgem under Part G of Special Condition 2.3 of their Gas Transporter Licence to direct a value of zero for the Penal Rate Proportion (SOPRPt), in effect waiving the penal interest which was triggered because NGT under-recovered a certain amount of recovered revenue against their allowed revenue in regulatory year 2023-2024.
Our decision
Following an assessment of the request, the Authority has decided to direct a SOPRPt value of zero for the regulatory year 2023-2024.
Main document
[National Gas Transmission SOPRPt direction 2023-2024 [PDF, 151.40KB]
](https://www.ofgem.gov.uk/sites/default/files/2024-12/National_Gas_Transmission_SOPRPt_direction.pdf)
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Direction Under Part F of Condition C15 of the Electricity System Operator License and Part F of Condition C10 of the Gas Planner System License in relation to the publication of the FEP Methodology
Decision
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Decision