By Chris Bernkopf

This week, the energy regulator Ofgem approved £28 billion worth of upgrades to the UK’s energy grid over the next five years.

While this new infrastructure is a vital step toward our electric future, it also comes with a cost, adding over £100 to energy bills over the next five years.

This may not seem like an enormous amount, but it lands on top of already elevated energy costs driven by increased demand and supply shocks like Russia’s invasion of Ukraine.

Pair this with a further increase when the energy price cap rises during the coldest months of the year, and it paints a pretty bleak picture.

Strengthening electricity infrastructure to deliver a safe and stable supply is obviously crucial, but it can’t be the end of the conversation. If we approach this intelligently, we have the technology and the tools to improve and even revolutionise our grid, while at the same time passing tangible savings onto........

© LBC