£60 Billion More For Grid Upgrades
MARCH 19, 2024
tags: grid
By Paul Homewood
h/t Robin Guenier/Philip Bratby
The UK’s electricity network needs almost a further £60bn of upgrades to hit government decarbonisation targets by 2035, according to a new plan.
Some 4,000 miles of undersea cables and 1,000 miles of power lines including pylons are needed, National Grid’s Electricity Systems Operator said.
The investment would add between £20 to £30 a year to customer bills, it said.
The government said the ESO’s plans were preliminary and yet to pass a "robust planning process".
The plans were written up by the ESO, the organisation which runs the electricity network and would run the updated system it is calling for too. It is currently owned by National Grid but will transfer into government ownership later this year.
Its latest £58bn estimate is for work needed between 2030 and 2035 and comes on top of a previous £54bn estimate for work taking place between now and 2030.
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