Ofgem approves investment amid push by government to expand UK’s renewables sector

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Energy companies have been given the green light to spend nearly £24bn on Great Britain’s electricity grid, in a move that will further increase household bills.

In its draft verdict on price controls for energy network companies, the energy watchdog, Ofgem, approved more than £15bn to be spent on gas transmission and distribution networks in the five years to 2031.

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