UK electricity regulator fast-tracks Scottish Power, SSE Scottish Hydro infrastructure plans
24 Jan 2012
UK electricity and gas regulator is to fast-track proposals for infrastructure spending by energy companies ScottishPower and SSE and is expected arrive at a decision in April, following a consultation.
The investment would be paid for through energy bills which would add around 35p to a typical household bill each year from 2013 to 2021.
According to the company, the proposals would "deliver essential upgrades to Scotland's transmission network at the lowest cost to consumers".
The proposed spending would go a long way towards replacing ageing infrastructure, as also greatly assist in connections to renewable generators, according to Ofgem.
The investment is expected to create over 1,500 jobs.
The £7.6 billion investment announced yesterday is the first tranche of a new round of the total investment and amounts to only a fraction of the total grid infrastructure spend due to happen over the next decade.
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