SSE.L — UK NET-ZERO GRID UPGRADE COSTS SOAR, THREATENING HIGHER HOUSEHOLD BILLS

The cost of overhauling Britain's electricity grid is spiraling, with some projects running nearly 500% over budget, raising fears of sharply higher energy bills. A report from regulator Ofgem covering eight SSE projects in Scotland revealed an average cost increase of 283.5% due to global equipment shortages. The overruns cast doubt on the affordability of the UK's estimated £240bn grid transformation required to meet 2050 net-zero targets.