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The Guardian - UK

Business

Alex Lawson Energy correspondent

Energy bills will not rise on back of £20bn electricity upgrade, says Ofgem

Ofgem Electricity Jonathan Brearley National Grid Great Britain Britain

Kettle boiling and toaster cooking toast behind in kitchen — Ofgem says the electricity upgrade will allow people to be given more control to save money through regularly updated prices for peak and off-peak demand. Photograph: Simon Dack/Alamy

The chief executive of Ofgem has insisted that bills will not rise for consumers amid plans to plough £20bn into upgrading Great Britain’s regional electricity networks.

The energy regulator has set out a £20.9bn package to upgrade the grids, which includes £2.7bn of upfront funding to boost capacity.

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