Policy Regulation

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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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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