Ofgem stressed that it will need the help of industry if it is to strike the right balance between enabling the energy transition and keeping costs to within acceptable limits, as it designs the second set of network cost controls.
A more resilient and reliable energy network will be crucial to support the UK’s digital infrastructure as smart cities become more prevalent, a new report has argued.
Ofgem’s proposals to overhaul forthcoming price controls for network companies will prove to be the “acid test” for its ability to properly regulate the market.
Northern Powergrid (NPg) has unveiled an £83 million plan to upgrade thousands of substations across its network with new communications systems to create “the backbone of a smart grid” fit for the future.
National Grid has hit out at Ofgem’s proposals on grid works required for Hinkley Point C, warning they could harm investment in UK energy infrastructure.