Great British Grid to speed up connections and cut bills
Families and businesses across the country will benefit from faster grid connections, greater energy security and lower costs as the government takes action to remove one of the biggest barriers to clean power and economic growth.
The government today (Tuesday 29 September) announces Great British Grid (GBG), a new publicly owned body within Great British Energy that will help accelerate the delivery of the electricity network infrastructure Britain needs. Just as Great British Energy is investing in supply chain, generation and storage projects across the country, now Great British Grid will be able to invest in our electricity grid.
Britain’s electricity grid must be expanded and modernised at an unprecedented pace if it is to support growing demand from households and businesses, connect new sources of clean power and unlock economic growth. While private investment will continue to play a vital role, the scale of the challenge requires additional public investment and dedicated leadership.
Great British Grid will bring together public and private investment to support the delivery of critical network infrastructure across the country. Working alongside existing network operators, it will help accelerate projects, increase competition and support the delivery of the grid upgrades needed to power Britain’s future.
Together, Great British Energy and Great British Grid will be able to invest across the energy system, supporting both the clean power generation Britain needs and the network infrastructure required to get that power to homes, businesses and industry.
The government is already working with NESO and Ofgem to reform the connections system, including overhauling the connections queue and removing more than 300 GW of speculative capacity. But further investment will be needed over the coming decades to upgrade the electricity network and ensure it can meet rising demand from homes, industry and new sources of clean power.
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