Ofgem approves £24bn plan to upgrade UK energy networks
Ofgem has cleared £24bn ($32bn) for upgrades to strengthen UK energy security and expand clean power. The investment is part of a broader £80bn plan to modernise the electricity grid and cut reliance on imported gas. £15bn will go to gas network safety. £8.9bn is for high-voltage electricity upgrades, with £1.3bn kept in reserve. Projects include 4400km of overhead line upgrades and 3500km of new circuits. Offshore investment will double compared to the last decade….