LONDON (dpa-AFX) - National Grid PLC (NG.L, NGG) reported that Ofgem has published its decision on accelerated onshore electricity transmission investment, confirming that National Grid Electricity Transmission or NGET, will be responsible for the delivery of 17 major onshore electricity transmission projects. The company said it will continue to work alongside Government and Ofgem to progress these critical projects.
National Grid noted that the planning system needs streamlining to allow for the delivery of this critical national infrastructure in a timely fashion; the setting of allowances needs to enable a programmatic approach; and communities must see clear long-term economic benefit to hosting infrastructure for the UK to achieve its net zero ambition.
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