The UK energy market is going through a period of dramatic change, including a number of important developments over recent months. With the creation of the new Department for Business, Energy and Industrial Strategy, the government has made clear that energy policy is at the heart of its industrial strategy.
The landmark decision to sign the agreement for a new power station at Hinkley C has underscored the crucial role of new nuclear in the energy mix. Recently, a second round of CfD auctions have been announced, which are intended to deliver enough renewable energy to power one million homes, emphasizing the government’s commitment to diversified energy supplies.
And the recent call for evidence on Smart Systems provides a clear message to investors that the government is committed to providing a smart energy system fit for the 21st Century.