National Grid to look into transmission costs

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National Grid has announced it will open an investigation into power transmission in the UK.

The company, which manages Britain's electricity network, has called for the review following recommendations from energy regulator Ofgem, which wants National Grid to address the issue of "rapid escalation" in costs.

Next week, on February 24th, National Grid will discuss progress of the review with Network users in the city of Warwick.

According to projections published by the network administrator last November, the cost of operating the grid may rise to £991 million in the coming financial year – an increase of £221 million.

National Grid claims it was attempting to address the issue of rising costs by upgrading the network and seeing whether changes to existing access arrangements could reduce the current restraints imposed by existing infrastructure.

Earlier this month, the National Grid said half of the UK's domestic gas heating needs could be achieved by using biogas.

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