Connect with us

Hi, what are you looking for?


Green Economy

Ofgem Announce £17 Billion Investment Package

Britain’s energy regulator Ofgem announced last week a new investment package worth £17 billion that aims to maintain the electricity network and connect small-scale renewable energy generation to the electricity grid.

The plans are for five out of the six companies that run Britain’s local electricity network, and the expectation is for those companies to meet tough targets to improve their reliability, customer service, connections, and their work with vulnerable consumers.

Early drafts from July have seen very little change, and the final announcement represents a reduction of £2.1 billion since Ofgem sent back initial business plans in November.

“Today’s plans represent good value for consumers,” said Dermot Nolan, chief executive at Ofgem. “There will be significant investment in Britain’s electricity network, and reduced pressure on bills. Ofgem expects network companies to step up and take a more visible and active role in helping customers, particularly the most vulnerable.”

Ofgem’s statement notes that consumers will be able to expect an average annual saving of £11 a year. Furthermore, the companies are expected to realise approximately £900 million of benefits to customers over the period. In conjunction with price controls already agreed with the sixth company, Western Power Distribution, which reached a deal early, the total spent on Britain’s local electricity network over the next eight years is expected to reach £24 billion.


Due to Britain’s current energy setup, network companies are natural monopolies, and therefore these price controls limit the revenue these companies can collect from consumers. Below is an infographic provided byOfgem which outlines how the price control on network companies will affect residents across Britain.


The full infographic is available at Ofgem’s website.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like


I’ve noticed that a lot of new electric vehicle models have been marketed for use as emergency services vehicles in the past year. It...

Clean Transport

Originally posted on EVANNEX. By Charles Morris It sounds like the perfect plot for a conspiracy thriller: the giant oil companies are buying up electric vehicle...

Clean Transport

The move aims to drastically increase the rate at which charge points are being built so the UK can hit its 2030 target for...


The UK  auto market, Europe’s third largest, saw plugin electric vehicle share of 18.3% in August 2021, up 1.9x from 9.76% in August 2020....

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.