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Ofgem Unveils £24 Billion Grid Modernization Plan

OilPrice · OilPrice.com · last updated
The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition. The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. Over £15bn is set to be deployed into the UK’s gas transmissions and distribution systems to ensure a “safe and secure” supply of gas to households and businesses. Meanwhile, £8.9bn will be spent on expanding…
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