National Grid, privatised in 1990, is responsible for transporting electricity in England and Wales, while SSE and ScottishPower share that responsibility in Scotland. SSE recently announced plans to invest around £22 billion in grid infrastructure and ScottishPower plans to invest £10.6 billion. "It's clear that the UK's network needs upgrading and this statement of intent by National Grid is a good step forward," said Russ Mould, investment director at AJ Bell. "Whether that's more homes being built, electricity-hungry data centres for all things AI or supporting the transition of industries to an electric world, electricity demands are getting bigger by the day," he added. In its clean energy push, Labour has launched a publicly-owned green-energy company called Great British Energy to spur investment in renewable projects like wind, solar, nuclear and tidal power.