Energy beyond the crises: how can markets deliver a secure and affordable transition?

How can market mechanisms best help deliver a new energy system?

Ten years ago the UK set out to reform its electricity market, using a variety of market and other mechanisms to deliver competing objectives of security, affordability and decarbonisation. The reform has had notable successes, such as delivering significant new renewable generation, but our goals have changed and meanwhile decentralization and digitalization present new challenges and opportunities.

Electricity is just a part of the energy transition. The problem of gas and decarbonising heat has become more pressing – and this year, consumers face the biggest energy price shock since the 1970s. As we enter a testing winter for customers – and for the energy industry – it is time to consider the short term shock we are facing now, and how the current crisis will affect our long term plans for an energy transition.

In BIEE’s biennial policy conference we’ll be asking key questions about how our energy system should evolve and what role markets can play.

The UK generally seeks market-based solutions to deliver policy objectives, but as energy becomes more interconnected with other sectors, such as mobility or carbon, where do they work best? How can they provide the outcomes consumers want? What risks will they face? Are there better alternatives outside the market?

Sponsors

Gold Sponsor

EDF Energy is a British integrated energy company, wholly owned by the French state owned EDF, with operations spanning electricity generation and the sale of natural gas and electricity to homes and businesses throughout the United Kingdom.

Silver Sponsors

Arup is an independent firm of 15,000 designers, planners, engineers, architects, consultants and technical specialists, working across every aspect of today’s built environment from over 90 offices.

Building an economy that works for everyone.

The BP Economics Team is responsible for the preparation of the BP Statistical Review and BP 2035 Energy Outlook.

Gemserv is a purpose-driven professional services company, dedicated to enabling sustainable and ethical business practices that tackle today’s social and environmental challenges. We are at the heart of the transition to net zero, working with Government and industry to develop market-based solutions through evidence-based project delivery. Our experts are highly focused on providing a route to market for innovation and advise on commercially viable solutions that deliver business sustainability as we move away from fossil fuels.

Bronze Sponsors

National Grid Ventures is the competitive division of National Grid plc, one of the largest investor-owned energy companies in the world. It operates outside of National Grid’s core regulated businesses in the UK and US where it develops, operates and invests in energy projects, technologies and partnerships to accelerate the development of our clean energy future. National Grid Ventures’ diverse portfolio of flexible, low carbon and renewable energy businesses across the UK, Europe and US includes sub-sea electricity interconnectors, liquefied natural gas, battery storage, wind and solar power.

Supporters