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Funding the Future Without Leaving People Behind

By Jessica Taplin, CEO – British Gas Energy Trust

In June, Ofgem approved a £24 billion investment in Britain’s energy networks; the most significant upgrade since the 1960s. It’s a vital step toward modernising how electricity is delivered to homes and businesses and underpins the transition to cleaner, more resilient energy systems. 

But while this investment is necessary, it comes with a projected £104 increase in the average annual household bill by 2031. 

This strategy aligns with wider government goals, particularly those led by the Department for Energy Security and Net Zero (DESNZ). Yet the reality is that infrastructure costs will ultimately fall to consumers, including many already struggling with unaffordable bills. 

So the challenge is clear: How do we fund the energy system of the future without compounding the financial hardship... Read more