UK Grid Needs £70 Billion Upgrade as Consumers Face Higher Bills

National Audit Office says failure to implement £70bn modernisation would also hold back economic growth The ‘great grid upgrade’ is off track – ministers should spell out the risks for bills Consumers will pay higher energy bills unless the UK government speeds up work on a…

The UK needs as much as £70 billion ($94.5 billion) of investment in its power grid by early next decade, with delays to upgrading aging infrastructure threatening to add billions of pounds to customer bills.