UK regulator approves energy network investment plan

British energy regulator Ofgam was given the greenlight for a GBP 40+ billion (USD 53.4 billion) investment program by the country’s energy network companies between 2021-2026 for a stronger, greener, and fairer energy system. It includes:

 

- GBP 30 billion upfront funding for a clean and reliable energy system

- GBP 10 billion for future green energy projects, notably expanding the grid to deal with a planned rise in installed offshore wind capacity to 40 gigawatt (GW)

- GBP 132 million package of support measures for vulnerable consumers

 

 

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