Morning, Thursday, 5th November 2020
***Full-scale policy conference taking place online***
This conference will assess priorities for reforming the industry codes that underpin UK energy markets.
Key stakeholders and policymakers will consider the way forward for achieving the policy aims of establishing level playing fields, simplification, and facilitating technological innovation.
Why this is relevant now - the context:
- The Government and Ofgem energy network codes review and consultation - aimed at reform and modernisation of the code framework to accommodate energy market changes, in areas such as clean and distributed generation, smart and flexible technology, and market entrants and new services
- Government’s objectives around retail energy markets and Ofgem’s Retail Code Consolidation Significant Code Review looking at reducing the number of codes in retail energy, supporting innovation, and enabling more flexible decision making among code administrators
- Ofgem’s recently updated code of practice for code administrators and users outlining duties aimed at maintaining smooth energy system operations, as well as increasing help to innovators for navigating codes, and working with industry stakeholders to explore rule modification that might be needed
- The Significant Code Review into Electricity Settlement Reform - looking at how code modification can help deliver half-hourly settlements for suppliers and consumers
- The competition for investment in developing products and services to will modernise data services in the energy sector organised by Innovate UK, Ofgem and BEIS
Key areas for discussion:
Policy and regulatory reform
- code structure and how the system’s ability to adapt can be improved, including steps for reducing code complexity and consolidating the range of codes
- reducing institutional disruption, and enabling a ‘living code’ system that is agile and can reform when required
- supporting competition in the energy marketplace and ensuring that code reform widens participation and reduces barriers to entry.
Achieving benefits from reform - what will be needed to realise opportunities envisaged in changes to code manager and administrator responsibilities, including from:
- enhanced code administrator autonomy - addressing disputes, overcoming system challenges, and delivering material change
- increased cooperation between network operators and code managers - aiding the delivery of whole-system change, flexible networks, and grid balancing
- closer working with industry stakeholders - designing more dynamic and agile codes that support new business models and innovation
- smoother code and system governance - balancing flexible low-carbon energy and accelerating decarbonisation
- customer service improvements - enabling code administrators to resolve supplier issues at greater speed and reduce administrative costs passed to energy users
System and household energy management - looking more specifically at the role of code reform in:
- reducing grid connection barriers to non-generation devices - energy storage and demand side response, and improving the benefits and information provided to users of smart meters
- making local and community energy projects more viable - overcoming grid connection challenges and barriers for local energy trading
- integration of innovative data-driven services - digital marketplaces and swift digital information exchange
- Priorities for designing a code system to support a modern UK energy market
- Energy code structure and next steps for simplification, reducing complexity, and creating an agile framework
- Ensuring code reform widens participation and market competition - latest thinking on reducing entry barriers, expanding supplier engagement, and delivering greater consumer benefits
- The changing code governance landscape - accountability, effectiveness, dynamism, and options for the future:
- Modernisation of code administrator powers - system responsibilities, governance over disputes, and faster resolutions
- Ensuring code reform supports network services and whole-system change - supply balancing, grid flexibility, and smooth power transmission
- Priorities for creating dynamic energy sector code and market arrangements that support new business models
- Options for the strategic direction of regulatory and policy reform for energy codes
- Opening up opportunities for smart and low-carbon energy services - household energy, benefiting consumers, and innovative network management
- Regulatory priorities for delivering code reform and ensuring the energy system is fit for the future
Policy officials attending:
Our forums are known for attracting strong interest from policymakers and stakeholders.
This conference looks no different. Places have already been reserved by parliamentary pass-holders from the Parliamentary Office of Science & Technology, and officials from BEIS; the Department for Transport and the Welsh Government.
This is a full-scale conference taking place online***
- full, four-hour programme including comfort breaks - you’ll also get a full recording to refer back to
- information-rich discussion involving key policymakers and stakeholders
- conference materials provided in advance, including speaker biographies
- speakers presenting via webcam, accompanied by slides if they wish, using the Cisco WebEx professional online conference platform (easy for delegates - we’ll provide full details)
- opportunities for live delegate questions and comments with all speakers
- a recording of the addresses, all slides cleared by speakers, and further materials, is made available to all delegates afterwards as a permanent record of the proceedings
- delegates are able to add their own written comments and articles following the conference, to be distributed to all attendees and more widely
- networking too - there will be opportunities for delegates to e-meet and interact - we’ll tell you how!
Full information and guidance on how to take part will be sent to delegates before the conference