Scottish energy firms commit £5.4 billion to UK grid upgrades

bbc.com

Scottish energy firms are investing £5.4 billion to upgrade Scotland's electricity transmission network. This is part of a larger £28 billion UK-wide grid improvement plan. The investment, approved by regulator Ofgem, will be split between Scottish Power (£2bn) and SSE (£3.4bn). Ofgem anticipates a modest increase in energy bills to fund the upgrades. This initiative aims to enhance the UK's energy infrastructure, reduce reliance on imported gas, and potentially lower wholesale energy costs in the long term, while also creating new jobs.


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Scottish energy firms commit £5.4 billion to UK grid upgrades | News Minimalist