How much do we value keeping the lights on?

Ofgem, the regulator for gas and electricity markets, will implement new price controls (RIIO-2) for network companies. These controls will come into force in 2021 (gas) and 2023 (electricity), and the current price controls will cease to be valid. As a part of wider set of targets, it can be implied that energy security is at the core of RIIO-2.

There is an inescapable question though; how much do we value energy security and what measures are we prepared to take to ensure the uninterrupted supply of electricity? This is the topic which we will be discussing at our next Centre for Energy Policy ‘Energy Conversation’.