Features

Investment in V2G

A year ago the future dominance of electric vehicles would have been regarded by many as an “if” not “when”. But in the interim we have had a conveyor belt of announcements by automotive manufacturers, governments and even petrochemical companies with hard commitments to this agenda. The debate has now flipped to one of how quickly this transition will now occur. The mid 20s are talked of as the boom time, but with EV battery capacity rising at an extraordinary rate and the choice of vehicles increasing almost monthly, this could come sooner. EV affordability is also much less of an issue than most people appreciate as in the region of 90 per cent of new EVs are “bought” on surprisingly competitive personal lease deals.

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Investing in the energy decarbonisation transformation benefits consumers

“This price control comes at a crucial time of tackling climate change – the most urgent challenge facing the planet with Britain well placed to be at the forefront of global efforts to reduce carbon emissions,” Pettifer (pictured) explains. “National Grid, believes this must be tackled through collaborative efforts. We need to see much greater progress in making areas like heat and transport cleaner and at a low cost for our planet and energy users. That is why our gas innovation projects are looking at how we can use hydrogen in our networks to support the low carbon transition and bring down costs for consumers. We are also making sure that the right electric vehicle charging infrastructure is in place across the country, to facilitate a rise in electric vehicles on our roads. To reduce electric vehicle range anxiety and improve uptake, we have identified 54 locations for strategic ultra-rapid charging along the motorway network. These can charge a car in the time it takes to buy a coffee. Ultimately, we need to transition to a new low-carbon, low-cost energy system where consumers can see the clear benefits of the energy transmission networks.”

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Innovation for the nation

The electricity and gas networks are no longer the hidden heroes of the energy industry. Over the last few years they have been steadily improving their service for the public – delivering lower cost and more reliable power and gas than ever before. Power cuts are fewer and shorter while the gas network is so reliable that the probability of an unplanned supply interruption is once every 140 years.

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