Today (20 March 2025), Ofgem have published news of their Advanced Procurement Mechanism (APM).
The regulator’s new Advanced Procurement Mechanism (APM) will unblock supply chains by allowing Britain’s electricity transmission owners (TOs) to buy essential equipment – such as switchgear, cables and steel – years in advance of when it is needed.
Commenting on the announcement, Nicola Connelly, CEO SP Energy Networks, said:
“The £75bn proposed investment in the transmission system is the foundation of the Government’s growth ambitions, unlocking grid capacity for homes and businesses, moving homegrown clean energy around the country and reducing constraint costs for consumers. That’s why the speedy delivery of this national infrastructure upgrade is critical.
“Securing our supply chains early for cables and other equipment is vital if we’re to re-wire Britain at record pace. This is good news for growth, good news for jobs and good news for electricity consumers.
“We will continue to work with Ofgem and government as we accelerate investment in the transmission network.”
Find out more about our investment plans for our Transmission Network (RIIO-T3 Business Plan)