UK regulator wants to halve grid companies' returns
Tighter regulation of grid companies' income frames are to prevent investments of at least GBP 25 billion impacting consumers, Ofgem proposes. Wrong way to reach zero-emissions, say companies, while consumer organization is pleased.
The European infrastructure is facing an overhaul that will enable it to handle the increasing electrification. This applies to the UK as well, where the Office of Gas and Electricity Markets (Ofgem) proposes that the coming five-year period should see investments of GBP 25 billion in the British gas and power grid transitioning toward becoming zero-emitting.
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