National Grid launched its 2014 Future Energy Scenarios today. ‘No one can be certain how the energy future will evolve and this uncertainty may continue for decades. Our Future Energy Scenarios (FES) represent transparent, holistic paths through that uncertain landscape to help Government, our customers and other stakeholders make informed decisions. These scenarios are not forecasts, they are predictions of the future that seek to discover plausible and credible conclusions for the future of energy’.
‘We have continued to develop all aspects of our Future Energy Scenarios process ensuring that the output is as rich and robust as possible to provide a sound reference point for a range of modelling activities. This includes detailed network analysis, which enables National Grid to identify strategic gas and electricity network investment requirements for the future.
This year our range of scenarios is based on the energy tri-lemma of security of supply, affordability and sustainability. The Government has set a standard for electricity security of supply and through Electricity Market Reform put in place the framework to deliver to this standard. Therefore our scenarios flex the two variables of affordability and sustainability, giving a two by two matrix of our four scenarios:
Download a copy of the National Grid 2014FES