The new local electricity distribution price controls, which will run from 2023 to 2028, requires networks to focus the investment on supporting the move away from a high dependence on imported fossil fuels, regulator Ofgem said in a statement on Wednesday.

Price controls set the amount of money that can be earned by the companies which operate Britain's network operators over a set period of time.

(Reporting by Bozorgmehr Sharafedin, Editing by Louise Heavens)