Electricity North West has confirmed costs will come down for customers as part of an investment in overhead lines and underground cables.
The power network operator for the North West revealed that currently around £90 from electricity bills goes to the company to fund the overhead lines and underground cables that bring power to the region, but this will drop to around £80 next year.
In doing so, the region will gain a more efficient power network whilst also dropping customer costs amid a cost of living crisis.
“The investments we’re making not only now, but in the future will help reduce power cuts, improve resilience and help the region’s transition to a net zero future,” Paul McMahon, Electricity North West’s area manager for Lancashire, said.
“We’re also very conscious about the huge cost pressures on households and businesses at the moment which is why we propose to reduce our part of bills from April while still delivering a great service to the region.”
Electricity North West will continue to support the growing energy network in the area with plans to invest £1.8 billion throughout the North West and Lancashire from 2023-28.
The firm additionally welcomed Chris Green, MP for Bolton West, to sites in Atherton and Westhoughton, showing off both the underground and overhead electricity network.
“It was a pleasure to highlight both our current and future investment to Chris Green MP in his Bolton West constituency,” added McMahon.
“I was really pleased to visit sites within my constituency and learn about current and future investments Electricity North West will be making, but crucially while also reducing costs to bill payers,” said Green.
“What’s pleasing is the fact Electricity North West is increasing its investment but actually reducing its part of the electricity bill, particularly with the ongoing cost of living crisis. I look forward to seeing these critical investments progress, particularly in Bolton West and the wider North West area.”
Electricity North West recently called on stakeholders to help shape its first ever distribution flexibility procurement consultation.
The consultation aims to give stakeholders a voice in developing flexibility markets by seeking feedback on its process for signposting, procuring, dispatching and settling flexible services.
As part of the Distribution Flexibility Procurement Statement, the consultation will help to better understand customers’ views allowing the company to be more informed during future tendering rounds.