Electricity North West Unveils £200m Investment Strategy

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In an exciting development for sustainable energy in the North West, Electricity North West has unveiled a substantial £200 million investment plan aimed at bolstering the region’s clean growth through vital infrastructure expansion. This initiative comes as part of a record-breaking £2 billion five-year investment programme already underway, demonstrating the operator’s commitment to adapting to the evolving energy landscape.

The latest investment proposal, which is set to unfold over the next three years, emerges in response to increasing customer demand for power. This proactive approach illustrates Electricity North West’s dedication to not only enhancing the reliability of its services but also supporting the burgeoning needs of businesses and residents alike.

Electricity North West has taken significant steps by submitting its plans to the energy regulator Ofgem. This submission is backed by a coalition of more than 20 regional stakeholders, including influential figures such as local MPs, councils, and Greater Manchester Mayor Andy Burnham. Their united support underscores the urgent need for increased investment in the region’s electricity grid to accommodate the rising demand for power.

If Ofgem approves the funding—expected to make a decision by September—it will significantly enhance network capacity. This enhancement is crucial for facilitating the establishment of new businesses, the generation and storage of clean power, the electrification of public transport, and the installation of fast chargers for electric vehicles. Such developments are not just necessary; they are essential for the region’s transition to a more sustainable and resilient energy future.

This ambitious investment is also aligned with the UK Government’s target of achieving clean power by 2030, aiming to create new job opportunities throughout the North West. As the need for sustainable energy solutions increases, so too does the potential for economic growth in the region.

To ensure the success of this plan, Electricity North West has engaged closely with local authorities and businesses. This collaboration has been instrumental in identifying the current and imminent capacity needs of the region, helping to shape a strategy that is both responsive and responsible.

Ian Smyth, the Chief Executive Officer of Electricity North West, emphasised the critical role the company plays in enabling growth and achieving net-zero targets in the North West. He stated, “The grid cannot be an impediment, and investment needs to keep pace with ambition.” Smyth’s comments reflect a clear understanding of the interconnectedness between infrastructure and economic development, underscoring the necessity of timely investment to support the region’s aspirations.

“Our track record of innovation means we can deliver the network to support our growing region in the most efficient and targeted way. This essential investment will increase capacity where and when it’s needed to support clean economic growth,” he added. This sentiment is particularly significant as the North West seeks to position itself at the forefront of the clean energy transition.

Furthermore, Smyth noted the importance of collaboration with government entities and Ofgem, stating, “Both Government and Ofgem have said that they want to support growth and delivery of net zero at pace. This important funding for the North West delivers those objectives.” This collaborative spirit is vital as the region navigates the challenges and opportunities associated with energy transition.

Addressing the ambitious clean power target of 2030, Smyth asserted that while the goal is challenging, it is indeed achievable. He explained, “Investing now will reduce the impact on customer bills in the future. We’ll continue to work with our local stakeholders and with the right funding in place, we can play our part and make it happen.” This proactive stance highlights the importance of early investment in avoiding future costs and ensuring a sustainable energy future for the region.

As we look ahead, the investment plans from Electricity North West signal a promising step towards a cleaner, more sustainable energy landscape. The collaboration among stakeholders, along with a clear vision for growth and innovation, positions the North West as a leader in the transition to net-zero energy. With the backing of regional leaders and the support of the community, the path forward appears bright, fostering an environment where clean energy can thrive and the local economy can flourish.

In conclusion, Electricity North West’s £200 million investment plan embodies the commitment to sustainable growth and energy innovation in the North West. As we await Ofgem’s decision, one thing is clear: the future of energy in this region is not only about meeting demand but also about shaping a cleaner, greener world for generations to come.

Image of Ian Smyth, centre, with apprentices Abi Houghton and Mohammed Vohra, courtesy of Electricity North West.

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