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Upgrades to add £15 to energy bills
A proposed 22 billion pound investment in Britain's gas and electricity networks would create 7,000 jobs in the supply chain
Household energy bills will rise by an average £15 over the next decade due to investment in electricity and gas networks, the regulator has warned.
Ofgem said the £22 billion of work, which includes laying undersea cables and maintaining gas mains, will ensure Britain's power network remains among the most reliable in the world and will create some 7,000 jobs in the supply chain.
Average household bills will rise by £7 next year and by up to £15 by 2021 to pay for the investment, which is subject to consultation.
National Grid said the proposals do not allow it to put up its charges by enough to encourage the investment needed in the UK's infrastructure.