It is time to scale up delivery and bring down uncertainty in the GB energy transition.
For large parts of the challenge, such as renewable generation and networks, the basic route map for the transition is now clear. A vast scale-up is required, the sooner the better. We will have more strategic planning, but we still need markets to deliver at the desired speed, scale and cost.
In other areas, uncertainty reigns. It is not clear how we will successfully decarbonise domestic heat, the role of the consumer is hazy, the long-term future of the gas grid is undefined, and potential routes to catalysing investment are at the mercy of political winds.
Policymakers have to deploy the tools to drive the transition at a time when political bandwidth is spread thin, with enormous geopolitical tensions and elections looming at home and abroad. But energy is still big news. The investment opportunities are huge and cannot be separated from the wider macroeconomic decisions facing the country.
Once again, the BIEE’s biennial policy conference is a key opportunity for expert debate and discussion, with its unique ability to bring together experts in policymaking and delivery, academia and business. This year we will ask how GB can firm up the next steps in its energy transition in both delivery and policymaking, navigating both the gaps in current understanding and the political hurricane.
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