Ofgem approves GBP 10.3 billion investment in UK transmission grid

Ofgem approves GBP 10.3 billion investment in UK transmission grid

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UK energy regulator green-lights transmission network operator budgets for five-year period. Initial budget of GBP 10.3 billion ($13.7 billion) approved with an upper-bound estimate of GBP 70 billion transmission investment by 2031. At least GBP 44 billion of transmission spend has already been committed, according to the regulator…
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