SSE is a winner in the great grid upgrade. Who is looking out for consumers and small businesses? | Nils Pratley

SSE's recent announcement of a £33 billion investment plan to upgrade the UK electricity grid has led to a 17% surge in its share price, reflecting strong market enthusiasm. This investment is part of a broader £80 billion network upgrade program mandated by the government, with a deadline set for 2030. However, this excitement is tempered by significant concerns regarding the financial implications for consumers and small businesses, who are likely to shoulder the costs through higher electricity bills. Critics question whether the regulator Ofgem has favored SSE and other major companies like Scottish Power and National Grid Group in this process, raising issues of transparency and fairness in the regulatory framework. As the upgrade progresses, the balance between necessary infrastructure improvements and consumer protection will be crucial in shaping public perception and trust in the energy sector.