Comment on Ofgem energy network proposals
Published:09 July 2020
Commenting on proposals published by Ofgem today to transform Britain's energy networks, Dr Jonathan Marshall, Head of Analysis at the Energy and Climate Intelligence Unit (ECIU) said: “Shifting focus to cutting carbon at the same time as keeping a lid on network profits is good news for hard-pushed families and for efforts to get the UK back on track to meet its climate targets. Ofgem appears to have listened to criticism that it hasn’t been pushing hard enough on environmental measures and has been giving the networks – which make up around a quarter of domestic bills – an easy ride.
“Until now there has been lots of talk on innovation from the network companies, but little action on the ground. Linking returns to carbon emissions will give them nowhere to hide, and should ensure that UK resources, such as a world-leading position in offshore wind, are bolstered by smart technologies needed to balance the grid at low cost.”