On BBC Breakfast this morning, Alistair Buchanan from OFGEM proudly explained how they had "ratcheted down" profits for energy companies over the last 20 years, and that consumers would therefore have to pay for an upcoming £32 billion 'rewiring' of the national grid.
There will also apparently need to be new 'smart' regulation to cope with the new 'smart' grid.
And why do we need a smart grid? To meet 'green targets'.
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