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An additional £60 billion will need to be invested in Great Britain’s electricity grid by the end of the decade.

The spending, much of it funded through bills, is required to supply and carry the power to keep homes and businesses going, a new report has found.

About 4,000 miles of undersea cables and 1,000 miles of onshore power lines are needed, said the National Grid’s Electricity Systems Operator (ESO).

It is estimated the investment would add between £20 to £30 a year to customer bills.

Much of the cost involves connecting vast new wind farms off the coast of Britain to the national electricity grid.

The Electricity System Operator (ESO) said that around 20,000 jobs could be created. (Image: Getty)

A large chunk of the £60 billion would be spent on erecting pylons across large swathes of the country to carry power across the UK.

The ElectricitySystem Operator (ESO) said that around 20,000 jobs …