Areas where Government could lend a hand
A recent article in The Guardian highlighted the need to incentivise private investment in the UK’s journey to net zero. Infrastructure providers must keep up with the country’s decarbonisation agenda. To make sure this happens, Government could incentivise utility company investors to continue their support. After all, a fair return on any investment paves the way for more – and that’s important as the 2050 decarbonisation deadline draws closer. In fact, more investment is essential for the UK to keep its net zero commitment.
With Government support in place, there are three steps to improving energy security and resilience.
Reduce the volume of power used; power that isn’t needed isn’t a problem.
Generate more power from renewable sources.
Store excess power for use when grid demand peaks - this avoids relying on other sources and gets around grid capacity issues.
