Ofgem

Built World

Runs the licence tender and the new price control

On 2 November, DCC 2 Ltd took over the data network behind Great Britain's 39 million smart meters. It is owned by the Smart Energy Code Company and has no shareholders, replacing a 13-year licence held by a Capita subsidiary.

Updated 4 days ago

Built World

Assessing the project's funding allowance

National Grid won development consent on 30 October for Sea Link, a 2-gigawatt cable running about 138 kilometres under the sea between Suffolk and Kent. Construction is due to start in early 2027 and finish by 2031.

Updated Nov 2

Money Moves

Running the TR14 tender

Ofgem, Britain's energy regulator, opened Tender Round 14 on October 21. It expects this to be its largest offshore transmission round, valued at about £3.5 billion, for the links that will carry power from the Hornsea 3 wind farm to the grid.

Updated Oct 30

Built World

Approved £642.1m funding for the Bramford to Twinstead project

Ofgem approved £642.1 million for a major electricity grid upgrade between Suffolk and Essex on 19 October 2026, cutting £60.6 million from National Grid's £702.7 million request. The Bramford to Twinstead project adds 18 km of overhead line and 11 km of underground cable to the 400 kV network in East Anglia, plus a new substation at Twinstead Green and upgrades at Bramford.

Updated Oct 20

Rule Changes

Regulates energy markets and network companies; closed its CATO licence consultation October 16, 2026

Britain's electricity grid must roughly double in capacity this decade to connect offshore wind, data centers, and heat pumps. In late September 2026, Prime Minister Andy Burnham created Great British Grid (GBG), a publicly owned company inside Great British Energy. It will compete with the big network owners to build and own new transmission lines.

Updated Oct 18