Electricity: Infrastructure

Department for Business, Energy and Industrial Strategy written question – answered on 14th January 2022.

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Photo of Ian Lavery Ian Lavery Labour, Wansbeck

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money his Department has spent on electricity infrastructure in each of the last 10 years.

Photo of Ian Lavery Ian Lavery Labour, Wansbeck

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the amount of profit made by private electricity companies compared to investment in electricity infrastructure in each of the last 10 years.

Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

Electricity network operators are private companies which build, own, and operate electricity network infrastructure. As regional monopolies, they are regulated by the independent energy regulator, Ofgem. The total value of the electricity transmission price control between 2013 and 2021 was over £15bn, while the forecast total value of the electricity distribution price control between 2015 and 2023 is over £29bn.

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