Ofgem has announced a series of proposals geared at priming local electricity networks for a surge of clean energy capacity and electric vehicles, as the regulator set out its vision for the next price control chapter for electricity distribution networks. The plans, set to apply across a five-year period starting from 2023, include proposals to funnel hundreds millions of pounds of investment into energy network research and development (R&D), measures that encourage local grid networks to embrace flexible energy solutions and digitalisation, and to cut investor returns to free up funds for the grid upgrades needed for the net zero transition.
Business Green 30th July 2020 read more »