Cost to rewire Great Britain’s electricity network could reach £90bn in 2030s

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The cost to rewire Great Britain's electricity network is projected to reach nearly £90 billion in the 2030s, a 50% increase since the Labour government took office. This investment aims to support clean power targets and meet rising electricity demand.

Energy system operator says sum needed to deliver clean power targets while meeting rising demand is up by 50% The cost of rewiring Great Britain’s electricity networks through the 2030s is now 50% higher than before the Labour government came to power, and could reach almost £90bn in the next decade, according to the energy system operator. Building new high-voltage transmission lines and infrastructure to connect low-carbon energy to the grid in the 2030s was initially forecast by the energy system operator to cost £58bn. Continue reading...