The UK’s energy regulator, the Office of Gas and Electricity Markets (Ofgem), has approved upfront baseline spending of GBP24.2 billion over the RIIO-T3 (Revenue = Incentives + Innovation + Outputs) period between 2026-27 and 2030-31. Around GBP8.9 billion in initial funding has been approved for the electricity transmission sector to upgrade the grid, with immediate […]
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