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NESO raises five year electricity network cost forecast by £400 million
NESO has raised its forecast of electricity transmission network charges for 2027 to 2032 by £400 million, taking expected total costs to £9.5 billion in 2027/28. The estimated annual network charge for an average household in 2027/28 is now put at £103.24, which is £6.39 higher than NESO's earlier forecast. Demand charges on this part of the bill are expected to rise by £388 million to £7.97 billion.
Our readEvery upward revision to this forecast lands on household bills eventually, so the gap between what grid upgrades were costed at and what they actually cost is the number worth tracking.
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