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‘61% of Brits to switch suppliers after high bills’
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David Smith, CEO of the ENA said: ‘Achieving net zero emissions requires sustained investment, innovation and a supportive and forward-looking regulatory regime’
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The funding aims to help establish a ‘stronger, greener and fairer GB energy system’ that will be able to cope with changes such as scaled-up EV adoption and electric boiler use
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National Grid is ‘disappointed’ with the proposals and the Energy Networks Association says they will have ‘damaging impacts’
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The energy regulator has made a series of adjustments to the revenue it allows networks to collect
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It is for the next price controls set by Ofgem on how much the firms can charge for running the gas and electricity transmission and distribution networks
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It is expected to deliver savings worth more than £5bn for consumers
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The price controls will come into force in 2021 and are also expected to significantly reduce the profits made by network companies
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