05 Sep 2022

Energy Market Reform and Security – techUK

Great Britain’s energy market is currently under a huge pressure to provide affordable, clean, and constant energy supply to citizens and businesses. The government made a commitment in the British Energy Security Strategy to undertake a comprehensive review of electricity market design.

Energy Bill and REMA

We are expecting a new Energy Bill this year that could potentially address and create an opportunity for a contemporary, digitalised system, which could help transition us to net zero and provide a range of services to consumers at affordable prices.

Government has also issued the Review of Electricity Market Arrangements (REMA), focusing on the wholesale market, including all mature technologies. The REMA programme will take place alongside a refresh of the energy retail strategy, including consumer protection, retail market sustainability and financial resilience, as well as new business models and services that could support net zero.

Action: We are actively engaging with BEIS, taking part in all stakeholder meetings and will form a response accordingly.

Secure Smart Electricity Systems

Government has also identified the role of smart appliances, heat, and EV technologies as a crucial element of delivering flexibility and demand side response services. In their own words, this transition will reduce costs by up to £10 billion per year by 2050.

Action: We are currently conducting internal interviews with members on the main consultation and technical annex to form an official response. We will be following-up with Ofgem on licencing framework for DSR services.   

Physical connections for data centres

techUK is engaging with members in our data centre programme to understand the challenges they are facing securing timely physical energy connections. We are engaging a range of actors in the energy sector include National Grid, SSEN and the Greater London Authority. 

Energy prices

techUK is also working with Government to map and understand the impacts of raising energy costs in addition to existing supply chains issues on the wider tech sector. If you wish us to raise your concerns please provide any pressing issues as well as medium to long term impacts you foresee – email us on [email protected].

  • Any immediate impacts that are currently being experienced by your business
  • Are there any expected impacts that you foresee having a significant effect on your business in the next 3-6 months?
  • Do you have any long term concerns about the viability of your business if supply chain issues are not resolved?

Further actions:

  1. Our Smart Energy and Utilities group is shortly publishing a position paper and a campaign on the crucial importance of digital tech-led transformation of the energy system. Placing digitalisation at the heart of a modern, sustainable, dynamic, and affordable energy for households, transport, and industry.
  2. techUK teams are collaborating in a Public Affairs Campaign on Tech-led decarbonisation: recommendations to government.

If you wish to join our campaigns, membership, or provide views on any of our Energy Market activities please contact Teodora Kaneva, Head of Infrastructure at [email protected]

 

Teodora Kaneva

Teodora Kaneva

Head of Smart Infrastructure and Systems, techUK

Teodora’s rich background varies from working in business development for a renewable energy lobbying association in Brussels to the fast moving technology innovation startup scene in the UK.

She has designed the market strategy for a German renewable energy engineering scale up for the UK, listed on Nasdaq private market, and now one of the fastest growing scale ups in the world. Previous experience also includes managing a renewable energy startup in London, which has built a small-scale biomass CHP power plant. Teodora is passionate about cross-industry collaboration and working together with academia to inform the design of future educational models and skill building.

Most recently Teodora has ran the commercial activities and business development at Future Cities Catapult, focusing on innovation in cities, digital health and wellbeing, mobility, and infrastructure. Teodora is a passionate STEM Ambassador and a vocal advocate for women in tech.

Email:
[email protected]
Phone:
020 7331 2016
Twitter:
@Teodora_K
Website:
www.techuk.org
LinkedIn:
https://uk.linkedin.com/in/teodora-k-2969b021

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