Electricity networks are at the forefront. Simply put, they serve as the regional B-roads to the vast electricity motorway, which carries high voltage power from Britain’s largest power plants to cities and towns across the country. UKPN quietly delivers electricity to more than a quarter of the British population across 11,000 square miles of densely populated areas in the south east of the country. Last year alone this required investment of well over half a billion pounds to maintain the grid as new users steadily plug in. But Britain’s energy landscape is fast changing in what is proving to be a major subversion of the traditional relationship between suppliers and consumers. Home owners have already begun to flip from energy consumer to energy generator with the help of rooftop solar panels. Home battery storage and electric vehicles make the flux between these roles all the more complex. It’s a revolution accelerating with the boom in smart technologies, which could soon mean small business owners can sell self-generated power to their neighbours directly in small-scale regional power markets. A recent independent report from Professor Dieter Helm into the cost of energy, mandated by government, called for all regional energy networks to return to public ownership. The Energy Network Association hit back saying the move would derail the billions in private investment that operators attract into the industry. By 2020 around £80bn-worth of investment will have been made in energy networks since 1990, while costs have fallen 17pc in real terms.
Telegraph 13th Jan 2018 read more »