Bosses at Electricity North West have vowed to reduce the cost of running the network despite the latest price cap announcement.
The power network operator has said that its customers' section of the annual energy bill will decrease from 2023.
Currently, the operator receives around £90 from annual electricity bills which funds maintaining and upgrading the region’s power network.
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From April 2023, the operator has proposed to decrease its section of the bill by at least 5.5% while increasing investment by 33% to £1.8bn over a five-year period.
Regulation and communications director Paul Bircham said: "We understand this an extremely difficult time for bill payers after recent announcements mean energy prices will rise.
"But, we want to reiterate as the North West’s power network operator that we are doing all we can to reduce our part of the annual energy bill.
"In December, we submitted a business plan to our regulator Ofgem which will reduce our section of the bill but actually increase investment from 2023-28.
"The next few years are crucial as the North West embarks on its journey to net zero. Demand for electricity is only increasing and we want to ensure customers not only get value for money, but a network which will power them for many years to come.
"We see ourselves as more than just a power network operator, we want to be here for North West customers day in, day out.
"We’re doing our part and are keen to reiterate that the amount you pay to us is reducing from April 2023. We’re doing all we can to make things affordable for you and are proposing a 5.5% decrease during 2023-2028 in our latest business plan submitted to the regulator Ofgem.
"We work very closely with a number of expert partners and can provide free advice on how to save money on your energy bills."
