regulation

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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Getting regulation right

One of the main subjects for debate was the governance and regulation of the energy system. Energy Systems Catapult head of innovation Eric Brown (pictured) kicked off the discussion by laying out the scale of the challenge: “Broadly speaking, we’ve inherited the current world from the 1980s when the current frameworks were put in place. And those frameworks were based on the nature of the system and business models as they existed at the time.”

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