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This article covers the important facts regarding GB Grid: Andy Burnham says public body will invest in electricity grid.
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The transition of electricity generation from large fossil fuel stations to the more remote locations used for renewables, such as offshore windfarms, will require Britain’s ageing transmission grid to undergo extensive rewiring in coming years.
Energy regulator Ofgem has estimated that £70bn of investment is required in the grid between 2025 and 2031, quadrupling the current rate of investment.
But in a report earlier this month, the National Audit Office warned that the number of projects waiting to connect to the grid had grown “significantly” whilst delays to projects were also increasing.
Conservative shadow energy secretary Andrew Bowie statedthe premierwanted to “nationalise the network”, adding: “The Conservatives would get out of the way, letting businesses build their own gas power and grid connections and bid openly for capacity, and cutting electricity costs for every enterprisethrough our Cheap Power Plan.”
Speaking to The MediaRadio 4’s Today programme, Matthew Lawrence, founder of the think tank Common Wealth and former adviser to Burnham, statedthe UK is “unusual in that it has a wholly privatised grid”, which had led to “decades of sluggishness development and chronic underinvestment”.
He statedTuesday’s announcement “seems to have fixed that by bringing in public investment into new parts of the grid”.
Dhara Vyas, chief executive of Energy UK, statedthe investment was welcome, but “the bulk of this will be private investment”.
“In the next five years the transmission owners, the ones doing that highway of pylons, getting the electricity from source to homes to businesses, they are spending £90bn in the next five years”
In his speech, which centered on the theme of “hope”, Burnham added that the UK will have a national energy plan for the first time and give stronger powers to mayors and regionalleaders.
“Energy, water, housing. Back under stronger public control,” he told delegates.
“We rely on them, we pay for them and once again we will have power over them.”
He statedhe would be “pragmatic” in relation to North Sea oil and gas amid looming decisions on Jackdaw and Rosebank “as we build a bridge to a clean energy future as we confront the climate crisis”.
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