National Grid sets out £4.5bn investment plans

National Grid is seeking Ofgem approval for £4.5bn of new investment across 25 electricity transmission projects.

It has submitted 25 proposals under the regulator’s ‘re-openers’ process, which allows network companies to seek approval for extra funding when system needs evolve beyond the assumptions set in a price control.

National Grid said the projects would strengthen the grid as electricity demand rises and more clean power, major industrial users and data centres seek connections.

Rob Salter-Church, regulation director at National Grid Electricity Transmission, said: "These submissions set out the investment needed to expand capacity, maintain resilience and support future growth, while enabling the delivery of secure, affordable and cleaner energy.

"They are designed to ensure we can continue to support major new industries and meet growing demand on the system, and to connect new low-carbon generation.”