Electricity distributors UK Power Networks and Northern Powergrid have outlined business plans backed by £4.5bn and £3.2bn of spending respectively, both with a heavy focus on low-carbon generation and technologies. UK Power Networks, which supplies electricity across London, the South-East and East of England, stated that it has developed its new draft business plan for 2023-2028 with its own forecasts on electric transport and heating in mind. These forecasts are based on the advice of the Climate Change Committee (CCC). The firm predicts that up to 2.7 million electric vehicles (EVs) will be charging on its networks by 2028, up from 150,000 in 2020. Within the same timeframe, it expects an additional 700,000 heat pumps to be installed. Both of these trends will increase electricity demand.
Edie 2nd July 2021 read more »