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Energy firms to spend £77bn to rewire British electricity grid for clean power
The Guardian
|December 19, 2024
Energy companies have promised to spend up to £77bn over five years to help rewire Great Britain's electricity infrastructure in the global race to shift from fossil fuels to clean electricity.
The companies that own the high-voltage power system - National Grid, SSE and ScottishPower - have submitted spending plans totalling about £77bn - which could support about 100,000 jobs - to the industry regulator, Ofgem, for the period from 2026 to 2031.
National Grid set out plans to spend up to £35bn over the five years to March 2031, while SSE is budgeting up to £31bn and ScottishPower aims to invest £10.5bn upgrading Britain's high-voltage power infrastructure.
This story is from the December 19, 2024 edition of The Guardian.
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