Ofgem confirms approach to boosting green and smart investment in local grids for RIIO-ED2 electricity distribution price control · Investment in local grids unlocked to support up to 11 million electric vehicles by 2030 and increased demand for heat pumps. · Increased digitalisation and companies data use to drive smarter and more flexible energy such as through battery storage technology. · Fairer balance between shareholders and consumers, delivering investment to support an emissions-free Britain while keeping costs as low as possible. Ofgem has confirmed its methodology for setting the next price controls for Great Britain s local electricity distribution networks, known as RIIO-ED2, which run for five years from April 2023. This follows last week s confirmation of the