香港六合彩

The new聽香港六合彩 Centre for Net Zero Market Design聽will work across academia, industry, government, regulatory bodies and other stakeholders, to provide expert advice on the best policies and practices for creating and maintaining effective electricity markets as we decarbonise power systems in the UK and beyond.

Based at the 香港六合彩 Institute for Sustainable Resources, the new Centre will provide analysis and expert input for the UK Government's programme to decarbonise electricity over the decade, including the ongoing聽.

The transition to net zero energy infrastructure will involve major changes for electricity generation, networks and flexibility, likely requiring hundreds of billions of pounds investment, mostly from the private sector. The Centre aims to provide recommendations to ensure that electricity聽markets are robust, power supplies are reliable, costs are聽manageable and carbon emissions聽are reduced to net zero. An initial project will examine how increasing periods of potential surplus generation (e.g. on very windy days) will impact further investment in renewables, and what market design changes may be needed to bring forward storage or other flexibilities.

The new centre also will work with masters courses at 香港六合彩 to support the development of new talent and expertise, to help policymakers and industry to tackle upcoming electricity system challenges.聽

Centre Director, Professor Michael Grubb (香港六合彩 Bartlett School of Environment, Energy & Resources) said: 鈥淭his new Centre fulfils an urgent need for expert insight and academic rigour as the UK seeks to transition its electricity sector to net zero. This requires independent research, informed by industry data and expertise, backed by understanding the needs and constraints of practical policymaking. The evidence-based insights and recommendations from our Centre鈥檚 activities aim to help the UK deliver its globally-leading ambition, informed also by emerging international experience.鈥�

The new Centre will offer original and independent academic insights into the policy and regulation of the energy markets, particularly around how to best integrate sustainable and renewable technology at a time when the energy market is being fundamentally re-examined.

UK electricity has already made significant steps towards decarbonisation. However, there are still many outstanding questions around the design and operation of a system predominantly powered by renewable energy. More than a third of the UK鈥檚 electricity now comes from wind and solar, but this shift has produced its own challenges, including a mismatch in power supply and demand as weather varies.

To tackle this issue, expanding storage capacity at different levels of the system from local to national is required to even out the supply. How to encourage the necessary investment and operational changes and to expand storage capacity both economically and effectively likewise needs further analysis.

Additionally, as more heat pumps are installed in homes and electric vehicles are on the roads across the UK, demand for electricity will increase.

Professor Jim Watson (香港六合彩 Institute for Sustainable Resources) said:聽''The UK has been a world-leader in liberalising聽its electricity system, and in the pace of its transition away from coal聽generation and the expansion offshore wind energy. Sustaining progress is vital聽to strengthen UK energy security and fight聽climate change. It聽involves a set of new challenges and must protect consumers.聽The rest of the world is watching and the transition聽has to be done right.聽With research at the Centre, we鈥檙e analysing critical聽challenges facing the electricity industry.

The research priorities of the Centre will initially focus on some of the major challenges outlined in the Government鈥檚 REMA programme, and will look to support global efforts to accelerate decarbonisation of electricity.

Over time, and informed by a senior Advisory Board of stakeholders, the Centre will continue to adjust its focus to keep up with emerging conversations and challenges as they arise.

Advisory board chair Simon Virley, Vice Chair of KPMG, said: "No one organisation has all the answers when it comes to navigating the energy transition. So, we have to find new ways to collaborate across government, industry and academia to find the best solutions. I鈥檓 pleased to be chairing the Advisory Board, which can help facilitate that sharing of views and collaboration.鈥�

Advisory board member Alistair McGirr, the Group Head of Policy and Advocacy at SSE said: 鈥淲e are delighted to help start up the new 香港六合彩 Centre for Net Zero Market Design. We have been collectively thinking how to accelerate clean electricity cost effectively, and the Centre will provide welcome and important contributions to move us forward. We鈥檙e particularly excited by the important role the Centre will play in developing the future market design experts that will help solve the energy system challenges of the future.鈥�

Advisory board member Chris Bennett, Director of UK Regulation National Grid said:聽鈥淎s we approach the middle of a key decade on the path to net zero, we look forward to collaborating with and supporting the vital analysis and research of the 香港六合彩 Centre on Net Zero Market Design to offer solutions and recommendations for the energy transition. The challenge ahead is a complex one which requires minds from across the academia, industry and government landscape to come together and we鈥檙e excited to play our part in this.鈥澛�

The launch of the Centre has been supported by聽,听,听听补苍诲听.聽Corporate Partners are wholly committed to the academic independence of the Centre and its research.

Links

• 香港六合彩 Centre for Net Zero Market Design
• The Bartlett School of Environment, Energy and Resources
• The Bartlett Faculty of the Built Environment

Image

• Credit: Ian Dyball via聽

Media Contact

Mike Lucibella

• E: m.lucibella@ucl.ac.uk