UK Regulator Greenlights Massive $37 Billion Energy Grid Overhaul

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The UK's energy regulator, Ofgem, has approved a $37.4 billion investment program to upgrade the country's energy grids, aiming to boost stability and security, and shield customers from volatile energy bills.

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Market impact analysis based on bullish sentiment with 73% confidence.

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73%

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Britain’s energy regulator, Ofgem, has approved a $37.4 billion (£28 billion) investment program for energy network companies to upgrade the UK’s power and gas grids to boost their stability and security. “This investment will upgrade power and gas grids, creating a future-ready system that better shields customers from volatile energy bills,” Ofgem said on Thursday. The?approved?investment will?fund?80 transmission projects and associated works?nationwide?over the next?five years. Most of the funding,…

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