net zero

  • Heat networks

    Who pays for supporting the net zero transition

    The costs of decarbonising the power system have mainly been funded through consumers’ electricity bills. In 2020-21 these costs amounted to £10bn with the expectation that support for low carbon generation will continue to be necessary. If we are to maintain a trajectory to net zero carbon emissions at 2050,...

  • Low carbon generation

    The net zero paradox – challenges of designing markets to bring forward low marginal cost resources

    The scale and speed of the net zero targets require a refocus of the traditional goals of electricity market design to ensure efficient dispatch, adequate capacity and optimal investment. Electricity markets need to support the investment and dispatch to meet low carbon objectives, but the fundamental drivers of the electricity...