UK green economy push faces pressure from networks

Bloomberg

Britain’s energy regulator is under pressure to ensure it helps network operators like National Grid Plc finance the transition to a low carbon economy without passing the costs on to consumers. Investment in the green transition is key to the country hitting its climate targets but it won’t come cheap. Ofgem will unveil on Thursday its draft price control model that aims to balance what grid companies can earn on their investment while keeping prices as low as possible for customers.
Network companies have called on Ofgem for more headroom in order to accommodate the electric vehicles, heat pumps and batteries needed for the government’s goal to zero out emissions.