Ofgem’s draft proposals for the RIIO-2 were met with a very mixed response when the regulator published them yesterday.
Energy secretary Alok Sharma has said the energy white paper will “hopefully” be published this autumn.
The UK currently has a pipeline of 61GW of renewables and storage that if developed could bring in £125 billion to the UK economy.
Ofgem has unveiled a £25 billion investment programme, to upgrade Great Britain’s energy networks over the next five years.
Nine out of ten energy professionals say the UK is currently off-track to reach net zero by 2050.
The Contracts for Difference (CfD) auctions could bring in 12,000 new jobs and over £20 billion of investment, according to RenewableUK.
Emma Pinchbeck has today (6 July) taken up her new role of CEO of Energy UK.
The Renewable Energy Association (REA) has issued advice to the government on the key policies needed for a green recovery.
The government has been urged to create a Net Zero Development Bank and pledge £5 billion towards local energy projects.