INTIEAUnited Kingdom · UK regulator approves energy network investment planPolicyIn force

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…

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EffectiveJan 01, 2021
Last changeJul 06, 2021

Country / jurisdiction: United Kingdom · Year: 2021 · Status: In force · Level: National · Type: Voluntary

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

Official source: https://www.ofgem.gov.uk/publications-and-updates/ofgem-gives-go-ahead-40-billion-investment-programme-stronger-greener-and-fairer-gb-energy-system

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https://www.iea.org/policies/12710

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