Bosses at electrical energy agency SSEN Transmission have set out a £22 billion, five-year plan that they say will assist the UK in direction of its clear power targets in addition to supporting tens of 1000’s of jobs.

The corporate, a subsidiary of power big SSE, is submitting plans to the power regulator Ofgem through which it pledges to spend at the very least £22 billion on its marketing strategy for the interval April 2025 to March 2031.

That features £16 billion for “strategic investments” already accredited by Ofgem as a part of work to enhance the UK’s transmission community.

However SSEN Transmission says the potential for a further £9.4 billion of funding may take total spending over the five-year interval to £31.7 billion.

The corporate insisted its plans may assist the UK in direction of its net-zero targets, and likewise help with the UK authorities’s clear power goal, which units the aim of getting at the very least 95% of electrical energy coming from low-carbon sources, resembling renewable energy, by 2030.

And if the extra spending goes forward, it stated funding of £31.7 billion would assist help as much as 37,000 jobs throughout the UK, together with 17,500 in Scotland and eight,400 within the north of Scotland.

In keeping with SSEN Transmission, its plans would contribute £15 billion to the UK financial system, with £7 billion of this in Scotland, together with £3 billion within the north of Scotland

Managing director Rob McDonald stated the marketing strategy “units out an bold, deliverable blueprint, to unlock the unprecedented ranges of funding required to ship UK and Scottish web zero and power safety targets, together with the clear energy by 2030 mission”.

He added: “In what is without doubt one of the largest funding programmes of all time in Scotland, this plan may also help tens of 1000’s of jobs throughout the nation, turbo-charging the financial system and delivering a transformational and lasting legacy for communities, the financial system and nature.”

Nevertheless, the ability agency pressured that the success of its plan would rely upon having a “monetary framework commensurate with the size of the duty and able to attracting the unprecedented ranges of funding wanted to ship the clear power transition and defend future power customers”.

Alistair Phillips Davies, the chief government of SSE plc, pressured the necessity to “ship a cleaner, safer and inexpensive electrical energy system for present and future generations”.

He acknowledged: “With a brand new nationwide mission to ship clear energy by 2030 so as to enhance power safety and defend future customers, unlocking the correct stage of funding in the course of the subsequent worth management might be key.

“We’re setting out at the moment the extent of our ambition and dedication; it’s now essential that Ofgem backs that ambition with an investable and financeable framework, setting an acceptable price of fairness that recognises the unprecedented ranges of funding required to decarbonise the financial system and ship a clear energy system.”