How can electricity network investment drive economic growth?

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Turner, Karen and Katris, Antonios (2026) How can electricity network investment drive economic growth? Centre for Energy Policy (CEP) University of Strathclyde, Glasgow.

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Abstract

Electricity network expansion plans are developing against the backdrop of UK Government’s economic growth and clean power missions. With Ofgem and other regulators now subject to a statutory Growth Duty, in late 2024, all electricity transmission owners (TOs) had to demonstrate how their RIIO-T3 business plans on expanding the network support sustained economic growth. Research by the University of Strathclyde’s Centre for Energy Policy (CEP) has consistently shown that both investment activity to expand electricity network capacity and the increased supply activity enabled to meet growing UK demand for electrified solutions can deliver sustained GDP, jobs and household income gains. This policy brief investigates the drivers of economic growth triggered and supported by electricity network investment.

ORCID iDs

Turner, Karen ORCID logoORCID: https://orcid.org/0000-0002-1144-5019 and Katris, Antonios ORCID logoORCID: https://orcid.org/0000-0001-9352-2307;
CORE (COnnecting REpositories)