National Grid and SSE may get cash from Ofgem fund to speed transmission network expansion
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The UK energy regulator, Ofgem, is considering a £5-8 billion investment fund to accelerate the expansion of the UK electricity network. This fund would allow energy transmission owners to purchase necessary equipment in advance.
November 20, 2024 | 2:00 pm
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SSE may benefit from Ofgem's proposed £5-8 billion fund aimed at accelerating the UK electricity network expansion by allowing early equipment purchases.
SSE is one of the UK's energy transmission owners that could receive funding from Ofgem's proposed investment fund. This would enable SSE to purchase equipment in advance, potentially improving project timelines and efficiency.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80