Cost, mainly

The cost of oil insulated cables that can do 132kv is about £900 a meter. Whilst there are HV cables that exist on the outskirts of london, they are much rarer in zones 1-3.

I assume that the cost of pylons with raw cables is much much cheaper. The problem is planning permissions, physical clearance. planning permission and now one wants to live near HV cables (that they know of. There are a bunch of 33kv cables buried outside posh people's houses in zone 5, and a bunch in canals.)