Regen's Merlin Hyman and Aurora's Tom Smout shared their predictions for what 2023 has in store for the energy sector in the latest edition in our Current± Predicts series.
Introducing local electricity pricing could reduce electricity system costs by as much as £2.1 billion a year from 2030 onwards, according to a new report.
If the UK is to meet its new offshore wind target of 40GW by 2030, further funding and more frequency Contract for Difference (CfD) auctions will be needed.
More than 100GW of additional wind and solar capacity, alongside 30GW of short duration energy storage, is needed in the UK if the country is to meet its net zero obligations.
Soaring renewables required under the UK’s binding climate change targets will send wholesale power prices crashing and fundamentally alter the workings of the power sector towards wider use of ‘capacity contracts’.
An investment opportunity of up to £6 billion is available to 2040 owing to the need for millions of electric vehicle chargers at workplaces, shops and motorway services, according to a report out this week.
The balancing and frequency markets will double in value by 2030 as the evolution of the power market creates £6 billion of investment opportunity for battery storage and other flexible and distributed generation assets.
