Scottish and Southern Electricity Networks, the networks arm of SSE, has outlined the principles of its transition to a Distribution Systems Operator (DSO) as it aims to get to grips with the “almost unrecognisable” emerging energy market.
Centrica has pitched its future vision of the UK’s business energy market, suggesting that greater distributed power could save the economy billions, create thousands of jobs and help boost productivity.
UK Power Networks has revealed that its customers have benefitted from around £70 million worth of savings since 2015 through the use of flexible, distributed generation.
Ofgem chief executive Dermot Nolan has warned traditional utilities that they could be made “redundant” in a future power market typified by change and new market entrants.
Oil major BP has said that energy markets across the globe are witnessing a significant transition, powered by renewables at the expense of coal.
The global energy transition will not “play by the rules” and will be driven largely by disruptive consumers as they flock towards decentralised generation.