Electricity: Wales
The question
To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 14 October 2024 to Question 7928 on Electricity: Wales, what estimate he has made of the level of investment needed between 2028 and 2033 in the (a) transmission and (b) distribution grids to help meet net zero targets.
Answered by Michael Shanks
As the independent regulator, Ofgem assesses network owners’ investment plans with regard to their duties, including to support net zero. Government supports Ofgem’s ambition for acceleration of network build and strategic investment in the next electricity transmission price control, covering the period 2026-31. Ofgem’s current consultation on the framework for the next electricity distribution price control (starting in 2028) identifies the need for significant investment ahead of need, strategic planning, and regulatory changes to prepare the GB distribution networks for net zero.
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