UK households to pay £90bn for National Grid upgrades linked to net zero blitz

The UK's energy regulator Ofgem has approved a £90bn investment plan to upgrade the National Grid, linked to Ed Miliband's net zero blitz. This will lead to a record £90bn being loaded onto household energy bills, with an initial £28bn investment package approved. Ofgem predicts households will pay £108 extra annually by 2031, although this will ultimately lead to savings of around £80 on an average domestic bill. Critics argue that Miliband's pursuit of clean power has killed off the North Sea and loaded billions of pounds in new costs onto consumers and businesses.