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Ofgem unveils plans to boost investment for local electricity networks
The new price controls aim to cut emissions from cars and support more flexible local grids
Image: Shutterstock
Ofgem has today unveiled plans to boost investment in local electricity grids in a bid to support the uptake of electric vehicles, small-scale renewables, storage and clean heating.
The energy market regulator has set out its working assumptions on the financial package that will be applied for the next round of price controls for local electricity networks (DNOs) starting in April 2023.
Ofgem said the new price controls for the DNOs, known as RIIO-ED2, are designed to boost green investment.