Is governance fit for purpose?

The recent publication of the FPSA2 (Future Power System Architecture) report highlighted the challenge of delivering 35 new or enhanced functions that will be needed by 2030 to manage the whole power system and its interfaces with other grid-edge vectors – such as gas and transport – in the current institutional governance framework. Ofgem’s Jonathan Brearley highlighted the challenge to regulators of being able to adapt to the speed of change and the breadth of the transformation now under way.

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