Responding to Ofgem’s announcement regarding plans to upgrade Britain’s gas networks and electricity grid, Charles Wood, Deputy Director (Systems), said:
“Today’s announcement of additional investment in the UK’s electricity and gas networks is critical to delivering a more cost-effective energy system better suited to the future needs of consumers. To deliver the additional energy supply needed to power homes and businesses, along with the jobs and growth that will bring, we need a rapid investment to deliver the underlying infrastructure across GB.
“Energy UK members are investing across the country to develop new sources of power, install low-carbon technologies like electric vehicle charging and heat pumps, and help homes, businesses, and communities to decarbonise. The most significant barrier to investment into the UK economy is delayed connections to the grid, which slow down investment and make it harder for consumers to choose when and how they switch.
“Ofgem must now ensure the approach to recovering these costs is done fairly. To protect households most in need of support and to keep the UK’s energy-intensive critical industries globally competitive, Ofgem and the Government must implement reforms to rebalance costs on bills and to review how network costs are recovered ahead of the implementation of this new price control.”
ENDS
- For more information on Energy UK’s proposals to cut bills read: “Clean Heat: Balancing the bill.“