Ofgem confirms local electricity networks price controls for 2023 to 2028

Breakdown of allowed funding to Distribution Network Operators in 2023 to 2028 (£m, 2020/21 prices)

Energy regulator Ofgem has confirmed a five-year investment package for the electricity distribution network companies to help deliver cheaper, cleaner, more reliable local grids at no extra cost to consumers.

A key requirement of the plan will be for networks to focus the investment on supporting the move away from a high dependence on imported fossil fuels, towards using more homegrown, cleaner, cheaper, and secure sources of energy. 

The potential of renewable energy sources such as...