National Grid, SSE and ScottishPower submit plans amid global race to shift from fossil fuels to clean electricityEnergy companies have promised to spend almost £70bn over five years to help rewire Great Britain’s electricity infrastructure in the global race to shift from fossil fuels to clean electricity.The companies that own the high-voltage power system – National Grid, SSE and ScottishPower – have submitted spending plans totalling about £68bn to the industry regulator Ofgem for the period from 2026 to 2031, which could support about 100,000 jobs. Continue reading…
Source link : https://www.theguardian.com/business/2024/dec/18/energy-firms-rewire-great-britain-electricity-grid
Author : Jillian Ambrose Energy correspondent
Publish date : 2024-12-18 08:14:54
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Energy firms to spend £70bn to rewire Great Britain’s electricity grid
