Ofgem sets out early grid plan that could save billions of pounds

The energy regulator said a flexible energy system where electric vehicles can supply power back into the grid could bring huge benefits.

Tapping into the millions of electric vehicles, heat pumps and other devices that are set to be connected to the UK’s electricity grid could save up to £4.7 billion a year by the end of this decade, Ofgem said (PA) (PA Archive)

Tapping into the millions of electric vehicles, heat pumps and other devices that are set to be connected to the UK’s electricity grid could save up to £4.7 billion a year by the end of this decade, Ofgem said.

The energy regulator set out a skeleton vision of what could be one of the biggest changes in decades to how Britain’s electricity system works.

It proposed setting up new bodies with responsibility for regional grid plans, forcing companies to share more data, and establishing a joined-up way for households to help supply energy back into the grid from their new smart devices.