Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects
Ofgem has launched a consultation on a proposed Advanced Procurement Mechanism (APM) that aims to invest between £5 billion and £8 billion to help Britain’s energy transmission owners reduce delays, control costs, and attract global investment in the transition to net zero. The consultation runs until December 18, 2024. The APM will allow transmission owners…