Cost to rewire Great Britain’s electricity network could reach £90bn in 2030s
Summary
The cost to upgrade Great Britain’s electricity network in the 2030s could reach nearly £90 billion, which is 50% more than earlier estimates. This increase reflects the government’s goal to expand clean energy and meet rising electricity demand.Key Facts
- The energy system operator (Neso) now estimates £89 billion is needed to improve the electricity network by the 2030s.
- Previous estimates put the cost at £58 billion before the Labour government took office.
- The increased cost is due to faster clean energy projects, higher inflation, and rising electricity use, including from data centres.
- Neso recommends 43 network projects, including 16 new ones not in earlier plans.
- Projects include connecting wind farms in the Celtic Sea to parts of Wales and south-west England.
- The Labour government aims to make the UK a clean energy superpower by 2030.
- Plans include doubling onshore wind, tripling solar power, and quadrupling offshore wind capacity by 2030.
- Transmission companies are speeding up upgrades to support economic growth and keep costs down for consumers.
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