UK watchdog urges 'rewiring' of energy networks

Around £32bn (€36.7bn) needs to be spent on “rewiring” Britain’s gas and electricity network in the next 10 years, the energy watchdog said today.

Ofgem said the investment in pipes and wires across the country, twice that seen in the last 20 years, was necessary to secure supplies to households and to move to a low-carbon economy.