SSE is hoping to snip its distribution costs for supplying customers in central southern England and the north of Scotland by 10% in 2015.
The supplier’s power distribution business SSEPD sent the plans on how it will run the local electricity network it owns and from 2015 to 2023 to energy regulator Ofgem yesterday.
It claims the plans could cut the final amount consumers are charged as early as 2015 by doing ‘more for less’.
The firm referenced figures which show 16% of a customer’s total electricity bill is made up of electricity distribution costs, which includes the running, upgrade and maintenance of local electricity networks.
SSEPD says it will invest around £486m every year in its network, promises fewer and shorter power cuts and to publish a resilience plan for managing power cuts during a storm every year as well as under-grounding cables in areas of natural beauty.
Stuart Hogarth, Director of Distribution said: “We know that the targets we have set ourselves are challenging. This is because we want to continue improving the network and fulfilling our core aim of maintaining a safe and reliable supply of electricity to homes and businesses in our area.”