A collective effort to create the market we need
The electricity sector has come a long way since many of the rules that govern it were written. Distributed energy resources, battery storage, and electric vehicles had not yet appeared on the scene when the regulations and frameworks that dictate how power is produced, transmitted and consumed were put in place.
The rules were also designed with the sole aim of ensuring security of supply in a way that also guaranteed a profit for generators, with the need to slash greenhouse gas emissions an afterthought at best.
There have been tweaks made here and there as new technologies emerged and made inroads into the energy mix, but the rulebook has ultimately become outdated. It no longer re#ects
the needs of the 21st Century’s energy landscape, nor the vision for a
decarbonised economy by 2050.
