The House of Lords has made a significant amendment to the Energy Bill, which would give the energy regulator, Ofgem, a statutory duty to assist in the delivery of the UK's net zero target. RenewableUK, the trade body for renewable energy, has welcomed the amendment, stating that it would enable Ofgem to increase the “pace and scale” of investment in new grid infrastructure, and support the roll-out of more wind, solar, and tidal stream projects.
Nathan Bennett, the head of public affairs at RenewableUK, believes that reforming Ofgem's mandate to consider net zero in every decision it takes is long overdue. Bennett stated, “We're glad that the House of Lords has listened to calls from across the energy sector to make this vital change and hope that MPs will support it when the Energy Bill goes back to the Commons in the weeks ahead.”
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The amendment is expected to alleviate the long-standing issue of delayed wind farm connections, which have been waiting for more than 10 years in some cases. Bennett believes that this reform would allow the UK to build a grid that is fit for purpose for the 21st Century.
RenewableUK argues that refreshing Ofgem's mandate to better enable the UK's shift to clean energy is ultimately in the interest of billpayers. Renewable projects are a cheaper source of new power, which can lower energy bills and strengthen the country's energy security.
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The House of Lords' amendment to the Energy Bill could have a significant impact on the UK's energy transition, and empower Ofgem to play a vital role in supporting the country's net zero target. The reform could accelerate investment in renewable energy infrastructure, provide cheaper energy bills, and enhance the country's energy security.
