2023-11-19 13:24:41
The British government wants to make it easier for citizens to agree to new electricity pylons and substations in their area and thereby significantly speed up the construction of such projects. Finance Minister Jeremy Hunt wants to give these people discounts on their energy bills in the future, the ministry announced on Sunday. The project also includes other measures to accelerate projects and could save a household by 10,000 pounds (almost 11,500 euros) over a period of ten years.
The government hopes that planning reforms will halve the current average construction time of 14 years for new electricity networks. The current duration is significantly longer than in other major economies and is slowing down investment in Great Britain. Treasury sources said expanding the power grid would unlock global investment for Britain and bring improvements for people across the country. In the end there is energy security at low energy costs.
Winand von Petersdorff, Washington Published/Updated: , Recommendations: 51 Markus Frühauf, Munich Published/Updated: Recommendations: 116 Marcus Theurer Published/Updated: Recommendations: 30
The plan is part of a statement that Hunt plans to submit on November 22nd. The minister is also expected to expand existing incentives for business investment. The government hopes that its plans will give the stagnating British economy a boost and thus make gains ahead of next year’s elections. The opposition Labor Party is well ahead of the ruling Conservatives in opinion polls.
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