Question
To ask the Secretary of State for Energy and Climate Change, if the Government will allocate infrastructure funding to support grid upgrades and enable a low-carbon future.
The Government recognises the vital role that networks play in meeting our low-carbon ambitions. It is for Ofgem, as the independent regulator, to allocate funding to network companies for grid upgrades. In the latest 8-year regulatory price controls Ofgem has allowed funding of up to £21.5bn [1] for electricity transmission and £24.6bn [2] for electricity distribution to expand, replace and maintain the networks.
[1] 2009-10 prices
[2] 2012-13 prices