Britain is failing to attract and facilitate investment in the transition to a flexible electricity system – a transition described as “crucial” to the delivery of the UK’s 2050 net-zero target. That is according to a report published by the Renewable Energy Association (REA) today (13 November), which tracks investment in flexibility services since 2017 across nine European nations: Britain, France, Germany, Norway, Ireland, Denmark, Sweden, Finland and the Netherlands. The report ranks Britain eighth of the nine countries, stating that the deployment of renewable generation, and technologies to balance the variable output of generation methods such as wind and solar, are likely to be “hampered” in the late 2020s. Factors contributing to this impending slump include technical challenges with connecting to the network and a lack of visibility on returns – both of which, the REA claims, are underpinned by regulatory uncertainty. Particular policy concerns outlined in the report include a lack of short-term and medium-term frameworks around energy storage, electric vehicle (EV) infrastructure and compensation structures to support the shift from a “consumer” model to a “prosumer” model. The only nation to have fared worse than Britain in the ranking, commissioned by Drax and Eaton, was France. In contrast, the Netherlands came top of the table, with the REA highlighting the fact that national policies already lay out a “clear and transparent” roadmap to a flexible energy system in which the transition impacts on all stakeholders are considered.
Edie 13th Nov 2019 read more »