This commitment from the energy regulator will be key for the deployment of EV infrastructure. This investment in cabling and associated infrastructure will take place over the next 3 years and will go a long way to support the deployment of charging infrastructure.
Half of the funds for this work have been found from within the RIIO-ED1 allowances and the other half is new investment and we welcome the decision which will ensure that the DNOs fully spend their allowances and have additional funds.
BEAMA Director of Digital, John Parsons states: “BEAMA are pleased to see Ofgem and the DNOs making sure that no opportunity is lost to upgrade the cables, substations and other key elements of our electricity network infrastructure to meet demand for EV charging infrastructure. This is a significant task and the £300 million of investment is a very positive step forward and will ensure that the supply chain can build momentum as we look forward to the RIO-ED2 investment decisions for 2023 onwards.”
Key for BEAMA members is foresight of this investment and effective planning which will help supply chain preparedness in advance of this significant upgrade challenge. This is a topic we continue to talk to Government and the regulator on in the preparation of ED2 plans.