If the UK meets its expanded renewable and nuclear targets, the country will have an oversupply of electricity more than half of the time by 2030, creating significant opportunities for flexible demand.
Secretary of state for business, energy and industrial strategy (BEIS) Kwasi Kwarteng has called on North Sea oil and gas producers to invest in “the clean energy technologies of the future".
Octopus Energy Generation has made a multi-million pound investment in Lincs wind farm, marking its first acquisition in the operational large offshore wind space.
While the British Energy Security Strategy included ambitious targets, it was missing policy on demand side reduction, support for customers, onshore wind and energy efficiency.
