The region’s electricity network operator, Electricity North West, is set to reduce the cost of running the network, despite last week’s price cap announcement. The Stockport-based operator said its section of the annual energy bill will decrease from 2023.
Currently, Electricity North West receives around £90 from annual electricity bills which funds maintaining and upgrading the region’s power network. From April 2023, the operator has proposed to decrease its section of the bill by at least 5.5% while increasing investment by 33% to £1.8bn over a five-year period.
Paul Bircham, Electricity North West’s regulation and communications director, said: “We understand this an extremely difficult time for bill payers after recent announcements mean energy prices will rise.
“But, we want to reiterate as the North West’s power network operator that we are doing all we can to reduce our part of the annual energy bill. In December, we submitted a business plan to our regulator, Ofgem, which will reduce our section of the bill but actually increase…
