The role of regulation in supporting transformative change in the energy market
Mr Martin Crouch, Ofgem, United Kingdom Dr Jeffrey Hardy, Ofgem, United Kingdom The energy system is undergoing a radical transformation from one that is largely centralised and carbon-intense to one that is carbon constrained, smart, (to some extent) decentralised and flexible. Our role as the energy system regulator is to ensure existing and future consumers’ interests are protected. But who are these future consumers and what is the energy system we are protecting their interests in? These questions are material today and are in part the driving force for several Ofgem projects, including our work on flexibility, future of retail regulation, quicker, more efficient connections and code governance reform. There are also potentially disruptive technologies and business models that could disrupt the market and set the energy system on a new paradigm. The recent trend on solar PV deployment is an example of this. These innovations could shape the future of the energy system. We recognised this in our Innovation Plan that we published in March 2016. It was also a key finding from our work on non-traditional Read more…
Categories: Academic Papers, Energy and environment, Energy demand, Energy economics, Energy policy, Energy security, Gas, Renewables
Tags: Consumers, Flexible, Innovation, Regulation, Transformation
Crouch_The_Role_of_Regulation_in_Supporting_Innovation1.pdf 1.12 MBCrouch_The_Role_of_Regulation_in_Supporting_Innovation.pdf 241.6 KBSep
2016