Poging GOUD - Vrij
Energy bills to rise after Ofgem approves £24bn investment
Western Mail
|July 02, 2025
BRITAIN'S energy watchdog has given the go-ahead to an initial £24bn of investment to upgrade infrastructure, but revealed the move will push up network charges on household bills by more than £100.
-
Ofgem's draft verdict on price controls for energy network firms approves more than £15bn to be spent on gas transmission and distribution networks in the five years to 2031.
A further £8.9bn is set to be committed to the nation's high-voltage electricity network, which Ofgem said would power the biggest expansion of the grid since the 1960s, with another £1.3bn being earmarked.
The funding will allow 80 major energy infrastructure projects to be completed by 2030 and comes amid a push by the UK Government to boost the UK's renewables sector to help improve energy security.
But Ofgem revealed households are set to see the network charges on bills which make up around a fifth of average annual bills surge by £104 to £324 by 2031 to cover the cost of the extra investment.
Dit verhaal komt uit de July 02, 2025-editie van Western Mail.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Western Mail
Western Mail
Here's how new regulations and technologies might affect your money in the next 12 months...
By CAMILLA FOSTER
3 mins
January 14, 2026
Western Mail
ON THE MOVE
WALES’ only FTSE 100 company, Admiral Group, has announced its chief financial officer (CFO) Geraint Jones is to retire from his role.
7 mins
January 14, 2026
Western Mail
AI data hub plan for old factory site
AN ABANDONED former chemical plant in a “strategically important” industrial site could become an AI data centre.
2 mins
January 14, 2026
Western Mail
Scarlets bring back legend Davies as they look to turn fortunes around
THE Scarlets have confirmed the return of former Wales coach Nigel Davies as interim director of rugby with immediate effect until the end of the season.
2 mins
January 14, 2026
Western Mail
Former ECB chief Collier dies, 70
CRICKET David Collier, the former chief executive of the England and Wales Cricket Board, has died aged 70.
1 min
January 14, 2026
Western Mail
'It's just another tool to humiliate women'
A WELSH broadcaster and social media campaigner whose image was manipulated into sexualised content using artificial intelligence has said the UK's new law banning non-consensual intimate images is \"long overdue\" as the UK Government moves to enforce the legislation this week.
2 mins
January 14, 2026
Western Mail
Sisters torn apart after mother's murder reunited 51 years later
TWO sisters from Wales torn apart after their father savagely killed their mother with a hammer have been reunited five decades on after finding each other through Facebook.
4 mins
January 14, 2026
Western Mail
Funding approved to transform former marine terminal
FUNDING for a £10.4m project to transform a former marine terminal building in Anglesey, alongside newly-built commercial space, has been approved.
2 mins
January 14, 2026
Western Mail
Burglar stole money from deceased's pension pot
A BURGLAR opened up a bank account in a dead woman's name and was able to gain access to her civil service pension after he came into possession of her financial details.
2 mins
January 14, 2026
Western Mail
Emergency airlift rescues cliff-fall walker
A MAJOR emergency response was launched after a visitor to Wales slipped and fell from cliffs on the Llŷn Peninsula.
1 min
January 14, 2026
Listen
Translate
Change font size