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DECC: Investment in energy networks ‘crucial’ for UK’s low-carbon future
The UK’s energy networks will play a vital role in meeting future energy challenges, according to a report published by the Department for Energy and Climate Change (DECC), writes Edie.net.
The report, Delivering UK Energy Investment: Networks, estimates that more than £34bn funding will be needed in electricity and a further £7.6bn in gas networks between now and 2020.
DECC states that this additional investment will allow networks to accommodate more renewable sources, improve energy efficiency and security, and keep energy costs as low as possible, as well as integrating low-carbon generation.
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