Energy regulator Ofgem has announced a new five-year, £25 billion investment programme to transform the UK's energy networks.
The proposals aim to enable the delivery of emissions-free green energy across the country and meet national net zero targets, while also maintaining high levels of service and grid reliability.
It notes the new investment will also help generate green growth and employment and emphasises it aims to keep costs as low as possible for consumers by proposing the lowest-ever rate of return on capital for network companies and encouraging companies to become more efficient with stretching new efficiency goals and by disallowing 'unjustified costs'.
future Net Zero is a free site but we’d ask you to login one time to access the content.
You will also be subscribed to our newsletter service, which will offer insight and editorial commentary, you are free to unsubscribe at anytime.
You can sign up using:
Or simply create an account