UK energy bills to rise by £108 to pay for upgrades

UK households are to be hit by a £108 surge in energy bills to pay for infrastructure upgrades.

- TARA COBHAM

Britain's energy watchdog has given the go-ahead to an initial £28bn of investment to upgrade UK energy infrastructure, but revealed that the move will push up network charges on household bills. In its final verdict on price controls for energy network firms over the next five years, Ofgem has increased the allowed investment spend from the initial £24bn that was provisionally given the go-ahead in the summer.

It said the higher investment level will see £17.8bn spent on gas transmission and distribution networks in the five years to 2031, with a further £10.3bn used to strengthen the UK’s high-voltage electricity network.

But the regulator said its decision to increase the allowed investment spend will push up household bills by more than was first expected, before savings. Here is everything you need to know about the changes to your energy bills.

When is the change happening?