November 2022
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This conference focused on the future of the UK’s energy system.
It brought together key stakeholders and policymakers to assess the way forward for regulatory frameworks that can respond to challenges affecting the electricity and gas system, and the UK as a whole.
Delegates examined plans for energy code reform, including options for code licensing, and consolidation - following the consultations by BEIS, and with Ofgem being granted new strategic functions to oversee industry codes and their evolution.
They also assessed plans for the new Future System Operator to be established in, or by 2024.
The conference was also a timely opportunity to discuss the future direction of government strategy and implications for the sector, against the backdrop of developments including the:
- the Energy Price Guarantee now ending in April 2023
- Review of Net Zero
- announced establishment of the Future System Operator (FSO)
- Energy Bill going through its parliamentary stages
- Review of Electricity Market Arrangements (REMA) led by BEIS
- Energy Price Guarantee and Energy Bill Relief Scheme
Areas for discussion included:
- priorities for the FSO: increasing energy security - the net zero transition - integration of new technologies into existing networks
- priorities for regulation: creation of a new code system - support for innovation, smart energy, and engagement across stakeholder groups
- energy code reform: options for code consolidation, licensing, and sequencing
- opportunities for market improvements: affordability - simplification of rules - increasing accessibility - support for competition
- reforming the energy system: protecting consumers, businesses, and organisations amid rising prices
- low-carbon energy: meeting energy security needs - overcoming customer affordability challenges
- long-term policy: developing an integrated whole system approach
We are very pleased to have been able to include keynote sessions with Dr Sean Winchester, Head of Energy Code Governance, BEIS; David O’Neill, Head of Industry Codes, Ofgem; Ben Eyre-White, Head of Networks, Systems and Interconnection, BEIS; Kayte O’Neill, Director of Transformation, National Grid ESO; Dr Jeffrey Hardy, Senior Research Fellow, Imperial College London; and David Wright, Group Chief Engineer, National Grid.
The conference was an opportunity to consider the issues alongside key policy officials who attended from BEIS; CCC; Department for Communities, NI; DIT; Department for the Economy, NI; DfT; DAERA; DAERA, NI; Department of the Environment, Climate & Communications, Ireland; Department of Finance, NI: HMRC; NIC; Ofgem; Transport Scotland; The Scottish Government; and the Welsh Government - as well as parliamentary pass-holders from the House of Lords.
