Utilities and utility regulation are facing dramatic change. The Labour Party wants to bring public ownership back. Local government is seizing the initiative, using utility services to leverage development. Meanwhile, new consultations could see the shape of the regulatory landscape change for the first time in decades. With the help of market research company Accent, New Power sought views on these issues from our expert forum.
We asked five questions addressing how the public and private sector, and regional and national bodies, can work together to help the energy sector become more distributed, greener, smarter and more flexible. Subscribers can login to read the full report in the April issue.
This week we present some of those comments and we’d like to add yours.
Q1: Where do you think the opportunity for public ownership exists in energy, and where might it be beneficial?
“Using private capital in a well-regulated market environment can work if controls are in place to stop private sector organisations playing the system”.
“Where strategic planning of public good is required – eg independent system operator.“
“Research into decentralised energy emphasises multiple energy system benefits including reducing energy demand from retrofit, grid balancing services from local generation and storage, and utilising ‘waste’ heat and renewable energy sources. … these benefits are more straightforward to plan, coordinate and deliver under public ownership models”
“The smart grids of the future need active public participation. Direct ownership by the public – of generation, networks or new energy service companies – could help engage people, restore trust in the energy system, and ensure that the benefits of the energy transition are realised for all.”
“Where inequalities could take hold, for example in access of the fuel poor or non-homeowners to new technologies that could mitigate their adverse position.”
“Where private sector ownership can’t deliver policy outcomes quickly enough,”
“enabling scale up of emerging or uneconomic technologies, or facilitating construction of long-term assets such as new nuclear. “
What’s your view? Use the comment box below to add your voice