Ofgem delivers £300 million down payment to rewire Britain

24 May 2021

Ofgem is today powering the electric vehicle revolution, with motorway service areas and key trunk road locations across the country set to get the cabling they need to install 1,800 new ultra-rapid charge points, tripling the current network.

• 300 million investment for over 200 low carbon projects to get Britain ready for more electric transport and heat.
• New infrastructure to support 1,800 new ultra-rapid charging points at motorway service areas.
• Part of a broader investment programme for safe, secure and clean energy, with £40 billion confirmed already and more to follow in 2022.

A further 1,750 charge points will be supported in towns and cities. As drivers make the switch from petrol and diesel to electric, Britain’s cables, substations and other infrastructure need a massive upgrade to support this new demand for electricity.

The investment will be delivered in the next two years and is part of a much bigger plan to ensure Britain has the energy infrastructure it needs to support the move to low carbon transport and heating while maintaining secure supplies. The magnitude of this investment is expected to be in the order of over £40 billion through Ofgem’s regulation of energy networks.

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