New electricity funding for Scotland

Ofgem secures £2.4 million from Scottish Power
15/12/2014
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Energy regulator Ofgem has approved £1.1bn of funding for a new subsea link in the north of Scotland. The regulator’s decision is £105m less than the funding request from Scottish Hydro Electricity Transmission but is intended to ensure consumers pay “no more than necessary” for their electricity. The new link will connect 1.2 gigawatts of extra renewable electricity generation by 2018.

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Rhys Boven
Rhys Boven
Rhys Boven is the Managing Director at leading energy brokers Switched On Energy. Most people have no idea if they are paying the correct amount or are on competitive terms, Rhys uses his expertise in the industry to help his customers make more money, save time, have less stress and peace of mind. Connect with Rhys Boven on LinkedIn >>

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