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"It said the higher investment level will see 17.8 billion spent on gas transmission and distribution networks in the five years to 2031, with a further 10.3 billion used to strengthen the UK's high-voltage electricity network. But Ofgem said its decision to increase the allowed investment spend will push up household bills by more than first expected."
The Independent seeks donations to fund on-the-ground reporting across issues such as reproductive rights, climate change, and Big Tech while keeping reporting free of paywalls. Donations support sending journalists to gather perspectives from both sides and to produce documentaries highlighting American women fighting for reproductive rights. Ofgem has approved an increased £28 billion investment in UK energy infrastructure, up from an initial £24 billion provisional figure. Planned spending includes £17.8 billion on gas transmission and distribution and £10.3 billion on high-voltage electricity networks. Network charges, about one-fifth of average annual energy costs, will rise by 108% by 2031.
Read at www.independent.co.uk
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