{
  "url": "https://openlegislation.uk/electricity-criteria-for-relevant-electricity-projects-transmission-regulations-2024/article-8",
  "json_url": "https://openlegislation.uk/electricity-criteria-for-relevant-electricity-projects-transmission-regulations-2024/article-8.json",
  "legislation": "uksi/2024/168",
  "legislation_title": "The Electricity (Criteria for Relevant Electricity Projects) (Transmission) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/electricity-criteria-for-relevant-electricity-projects-transmission-regulations-2024",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "High value criterion in respect of a late-model tender exercise",
  "text": "(1) A project must have an estimated capital expenditure equal to or greater than £100,000,000.\n(2) In this regulation “estimated capital expenditure” means an estimate of the total costs of a project, calculated by reference to one or more of the following—\n(a) any costs relating to the purchase of component parts;\n(b) construction costs;\n(c) the costs of the acquisition of land on which it is to be situated;\n(d) the costs of compliance with the conditions attached to planning consents and property rights;\n(e) the costs of third-party works upon which a project’s electricity solution’s operation depends;\n(f) project management costs;\n(g) itemised risk and contingency allowances;\n(h) costs relating to the procurement of itemised goods, services and works;\n(i) any other costs that are reasonably integral or relevant to the arrangement, construction, commissioning, procurement, operation or function of the project’s electricity solution.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/168/article/8",
    "retrieved_at": "2026-10-28T21:34:44.819768+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}