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Ofgem approves £28bn grid upgrade, with monthly bills forecast to increase by £3 by 2031
Ofgem’s £28 billion plan boosts UK energy network resilience and renewables capacity, with a net annual household bill rise of about £30 after £80 in savings.
- Ofgem, Britain's energy regulator, announced a £28bn investment plan over the next five years to bolster the country's transition to renewable energy sources.
- The investment is expected to add £108 to household energy bills by 2031, but Ofgem estimates the net increase will be around £30 per year due to increased efficiency and lower reliance on imported gas.
- The majority of the funding will go towards maintaining gas networks, with £10.3bn allocated to strengthen the electricity transmission network.
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32 Articles
Household energy bills to rise by over £100 after watchdog approves £28bn investment
BRITAIN'S energy watchdog has given the green light to an initial £28 billion of investment to upgrade UK energy infrastructure, but revealed the move will push up network charges on household bills by £108 ...
·Glasgow, United Kingdom
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Coverage Details
Total News Sources32
Leaning Left7Leaning Right3Center14Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 29%
C 58%
13%
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