An average of over 4,000 EV charge points and domestic heat pumps will need to be installed per day to reach net zero, a target which will require a predicted £48 billion in network upgrades.
Ofgem will allow £64 million of additional funding requests from distribution network operators (DNOs) for rail electrification, street works and site security.
SP Energy Networks is to launch a new tool aimed at shining a light on electric vehicle adoption in the UK, and how the country’s networks can prepare themselves for the surge in demand.
Ofgem has confirmed financial support to an innovation project due to get underway in East Fife later this month that will test how to trade participants’ flexibility using a digital marketplace to generate income and stave off grid upgrades.