April 24, 2019
The report looks at future opportunities and urgent challenges faced across every aspect of the energy system and how best to meet these in order to deliver a market that works for all of its customers.
The report includes proposals and recommendations to kickstart action needed in a wide number of areas including:
– Changing the current ‘one size fits all’ regulation for retail suppliers to increase competition and choice for customers
– The need for local partnerships to deliver a variety of potential low carbon heating solutions that best suit their communities and businesses
– Making smart charging the default option for EV drivers to reduce demand on the grid and keeping bills down along with establishing a core network of ultra rapid chargers,
Funding future electricity generation and system services to further drive down costs for consumers while providing a stable policy framework that will give investors the confidence to fund the billions of investments needed
– Giving flexibility technologies the chance to provide cheaper alternatives to network reinforcements.
In addition to the summary above, the report also looks into a further five areas in detail at different aspects of the energy transition, these areas include:
– The future retail market and the customers’ relationship with it
– Funding future electricity generation and system services
– Reducing emissions from buildings
– The sustainable transition to a low carbon road transport system
– Transporting energy to and from customers through transmission and distribution networks.
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