Posted on: 08/03/2016
Lord Adonis, Chairman of the National Infrastructure Commission (NIC), thinks a “smart power” revolution could save UK consumers £8 billion a year by 2030.
Adonis, who served as Education Minister under Tony Blair and Transport Secretary under Gordon Brown, said demand flexibility, interconnection and storage were the three pillars needed to introduce “smart power”.
The NIC’s report lays out six recommendations, including measures to increase interconnection, storage, and demand flexibility.
It also recommends creating new markets to increase competition, encouraging actively-managed local networks, and deciding on long-term strategies for upgrading networks.
‘Cutting bills for consumers’
Adonis said: “Our existing power stations are closing down and their replacements will be radically different as we decarbonise supply to reduce emissions.
“This represents an enormous challenge, but it also leaves the UK uniquely placed to benefit from three exciting innovations set to transform the global electricity market – interconnection, storage and demand flexibility.
“The UK can lead the world in harnessing these innovations, bringing jobs and investment into the country and cutting bills for consumers.”
> Download the report