Part of Energy Security and Net Zero – in the House of Commons at on 19 September 2023.
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
Electricity networks’ funding is regulated by Ofgem through the network price control. In the current price control, National Grid Electricity Transmission will be investing approximately £700 million in the south-west. Ofgem has allowed £5.7 billion for the distribution network company covering the south-west, £1.2 billion of which is for the south-west region specifically.
