Connection Capital sees UK distribution network investment quadrupling to £80 billion under ED3

• Connection Capital expects UK electricity distribution investment to quadruple to £80 billion under RIIO-ED3, from £20 billion under RIIO-ED2.
• ED3 runs from April 2028 to March 2033, with greater emphasis on infrastructure investment ahead of demand.
• Suppliers face order slowdowns at regulatory cycle starts, forcing capacity investment before firm orders arrive.
• Ofgem's procurement guidance leaves network funding unchanged, keeping timing risk with suppliers.
• Diversification into private-sector customers can sustain revenue during network operators' procurement pauses, helping suppliers retain skilled teams ahead of ED3 demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Connection Capital LLP published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.