Energy watchdog unveils £25bn green investment
Energy watchdog Ofgem has unveiled a £25bn green investment plan to prepare the country’s infrastructure for a low-carbon economy.
Ofgem’s plan aims to save £3.3bn of company spending from being passed on to energy consumers between 2021 and 2026. This could mean that energy bills fall by £20 a household in 2021
Ofgem’s chief executive, Jonathan Brearley, said: “Now more than ever, we need to make sure that every pound on consumers’ bills goes further. Less of your money will go towards company shareholders, and more into improving the network to power the economy and to fight climate change.”