Ofgem has approved the national rollout of a new energy system developed by the network operator, Electricity North West (ENW), which the regulator precited could save consumers in Britain up to £1 billion.
Ofgem has confirmed the final investment package for network operators over the five years of the RIIO-ED2 period, setting total expenditure on average -11.8% below that submitted by the operators.
Electricity North West (ENW) has committed to investing £650,000 a day into its regional network between 2023 and 2028 in order to support the connection of 500 electric vehicles (EV) per day.
Both Ofgem and the Department of Business, Energy and Industrial Strategy (BEIS) have set out a number of recommendations for network operators, as their reviews find service was “unacceptable” during Storm Arwen.