Sorry - I thought you meant to over the electricity meter.
Yes, there is space above the old pipes:
But it couldn't go very far up before the flexible pipe becomes a limitation - probably not far enough for it to make any practical difference.
And wherever it is the pipe on my side has to go off to the left, as that's where the gas is needed, so it's always going to have to cross some electrics. The white board in the top left corner of the photo has the CUs on it, and when I find my round tuit and do the electrical changes I want then the spaces to the left of the meter and above it will have switchgear in, so the way to avoid most of the electrical services is to keep the pipe as low as possible.