Ofgem touts £40bn-plus green grid investment under new price controls plan

Michael Holder
clock • 4 min read

Regulator confirms RIIO-2 price controls for next five years which earmark £40bn for green grid projects, but energy firms fear limits on returns could make it harder to attract much needed investment in the net zero transition

Ofgem has given the final go-ahead to a package of energy market reforms aimed at cutting customer bills and providing more than £40bn of investment in green and resilient grid infrastructure projects,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Global Briefing: Green industry groups slam US bill, as Trump guts support for clean tech

Zonal pricing: New research claims switch could avoid need for £27bn in grid spend

More on Infrastructure

National Wealth Fund pumps £28m into Peak Cluster CCS project
Infrastructure

National Wealth Fund pumps £28m into Peak Cluster CCS project

Treasury predicts investment could secure around 3,500 jobs and enable the decarbonisation of the UK's cement and lime industry

James Murray
James Murray
clock 07 July 2025 • 5 min read
AI is power-hungry - that's exactly why it could accelerate the clean energy transition
Infrastructure

AI is power-hungry - that's exactly why it could accelerate the clean energy transition

AI's energy demand could become the pressure point that finally forces action - unlocking the investment, infrastructure and reforms the clean energy transition has needed for years, writes Devorah West from the Tony Blair Institute for Global Change...

Devorah West, Tony Blair Institute for Global Change
clock 23 June 2025 • 4 min read
National Highways starts construction on latest green bridge
Infrastructure

National Highways starts construction on latest green bridge

New bridge in Gloucestershire to provide multi-purpose crossing for walkers, cyclists, horse riders, and wildlife

James Murray
James Murray
clock 20 June 2025 • 3 min read