Ofgem to accelerate onshore electricity transmission investment
Ofgem has published its decision on accelerated onshore electricity transmission investment.
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UK, London: Ofgem has published its decision on accelerated onshore electricity transmission investment.
The company has confirmed that National Grid Electricity Transmission (NGET) will be responsible for the delivery of 17 major onshore electricity transmission projects.
“We welcome the clarity and commitment that this decision gives NGET, and the wider industry, as the next step towards a more affordable, resilient and clean energy system. Whilst this investment is fundamental to the successful delivery of the decarbonisation of our electricity system, it will also bring greater security of supply, as well as improved affordability for customers in the long run,” said NGET in the press release.
Ofgem has also highlighted urgent reform that is still required across a number of areas. The planning system needs streamlining to allow for the delivery of this critical national infrastructure in a timely fashion; the setting of allowances needs to enable a programmatic approach; and communities must see clear long-term economic benefit to hosting infrastructure for the UK to achieve its net zero ambition, says in the announcement.
NGET has disclosed it will continue working alongside the UK Government and Ofgem to progress these critical projects.
Source: National Grid
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