The Energy Networks Association, Ofgem and distribution network operators (DNOs) have joined forces to unlock up to £300 million for network upgrades that facilitate green technology.
Network operators were allowed to benefit at the expense of customers after Ofgem failed to enforce tougher price controls under RIIO-1, a government watchdog has concluded.
The UK’s transmission system operator National Grid has said it is “well positioned” for the energy transition as it embraces a £127 million restructuring programme.
