The UK government must be “careful not to snatch defeat from the jaws of victory” as it considers implementing wide-ranging energy policy changes, All-Energy 2025 heard today.
ScottishPower chief executive Keith Anderson told delegates in Glasgow potential reforms such as a move to zonal pricing – which is being weighed up by London as part of the Review of Electricity Market Arrangements – “creates uncertainty, and that increases costs”.
“We want to get prices down, so let’s be careful reforms don’t drive them up,” he said.
“Business confidence is a fragile thing and nothing kills confidence like complexity. Don’t tamper with a system that works and investment will flow.”
For the full story, read the second reNEWS Live@ All Energy 2025 show daily (sponsored by Shepherd and Wedderburn) from the event in Glasgow.
Other stories include how the offshore wind sector faces a geopolitical storm in the coming years and GB Energy’s latest plans for investment in renewables.
Shepherd and Wedderburn partner and head of clean energy Clare Foster answers our questions in a Q&A feature while Statkraft UK MD Kevin O’Donovan outlines why grid stability must take centre stage.