Trade body Energy UK has launched a new project, dubbed the ‘Future of Energy’, as it seeks to map out how the energy transition is impacting generators, utilities and consumers.
The energy transition is providing “more ecstasy than anarchy” for the sector, however pragmatic and consumer-centric initiatives must be at the forefront of regulators’ minds if is to continue to succeed.
The UK has shot back up accountancy giant EY’s renewables attractiveness league, aided by subsidy-free solar developments and surging interest in wind.
Good Energy is to pivot its core business towards energy services instead of supply, an area which it sees as the “future value” of the energy sector as the clean energy transition continues.
French energy major EDF has pledged to commence an “unprecedented acceleration” in renewable energy deployment having witnessed its UK nuclear revenues collapse in 2017.
Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth” driven largely by the country's clean energy transition, a market analyst has said.
Electron wants to create more alignment in the UK power sector, which it said is much needed if energy and flexibility trading is to realise its full potential.