UK Grid Upgrade Delays Risk Higher Consumer Costs
A UK National Audit Office report warns that electricity transmission grid upgrade delays could increase consumer balancing costs to nearly eight billion pounds by 2030. Numerous projects face significant planning and supply chain risks.
Delays to electricity transmission grid upgrades in the United Kingdom could push consumer balancing costs as high as £7.8 billion by 2030, according to a National Audit Office report published on Friday. The warning arrives as the energy regulator Ofgem estimates £70 billion in network investment is needed between 2025 and 2031. Without accelerated infrastructure development, consumers face multi-billion-pound bills to compensate generators for managing supply constraints.
