The report estimates that up to $US311 billion might need to be invested to replace the nation’s ageing infrastructure, as well as progress towards the substantial decarbonisation of the economy by 2020.
Mr Winser said “The right market arrangements and incentives will be vital to the success of all the work National Grid is doing to prepare for the future, such as the unprecedented investments we need to make in transmission networks.”
National Grid owns and operates the high pressure gas transmission system in Britain.
