Global energy investment totalled more than USD 1.9 trillion in 2021, with the power and end-user sectors attracting more investment than traditional fuel production
Energy markets focus on the trade and supply of electricity, gas and liquid fuels. They consist of three main elements: generation or production, transmission and distribution, and supply. Once electricity is generated or gas and oil is produced, it is sold on the wholesale market to suppliers, who sell it on to consumers and arrange for its delivery. It is distributed to homes and businesses through transmission and distribution systems. Depending on a country’s government policy, these elements of energy markets may be nationalised or privatised. Energy markets are closely regulated to ensure secure access to energy at fair prices, since energy is a necessity for sustained economic output and human welfare. Energy markets in the UK are privatised and regulated by the Office of Gas and Electricity Markets (Ofgem), which is responsible for protecting the interest of consumers by promoting fair competition. UK energy markets have recently experienced significant changes due to diversification of electricity generation through the rise of renewable energy sources, as well as the addition of many new suppliers.
Around the world, investments in the energy system are shifting, with increasing funds flowing into renewables, grid flexibility mechanisms, and low carbon transport. An appropriate policy and regulatory environment is required for continued investment towards a low carbon economy while maintaining energy security. The low carbon transition often requires the government to drive and guide private spending since investments in low carbon energy infrastructure are often capital-intensive and require long-term returns. There is growing need for new market structures to be defined and existing ones to play different roles in order to encourage low carbon investments across all sectors of energy, while also keeping the energy system stable and conventional sources flowing. Increased interconnection is also an option for moving towards more sustainable and cost-effective energy systems; integration of national energy systems through cross-border infrastructure can redefine investment agendas.
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View upcoming finanace and investment consultations and policies on our Policy Milestones Calendar.
0.0%
of a 530 billion USD investment in new power generation in 2021 is expected to be invested in renewables (IEA)
One US dollar
spent on wind and solar PV in 2021 generates four times more electricity than the same investment ten years ago (IEA)
0%
of UK energy professionals cite the need to invest in upskilling and retraining to meet the needs of the energy transition (Energy Barometer 2021)
A £0million
package was launched in April 2022 in the UK to support innovative energy technologies which will further strengthen the UK’s energy security (BEIS)
What's new?
Looming end of Russian gas transit through Ukraine to West sets the stage for LNG and pipeline diversions
24/07/2024
Rystad Energy suggests that Russia’s gas will need to be rerouted to Europe through alternative paths, requiring an additional 7.2bn m3/y of LNG to re...
Solar capacity additions are reshaping Texas’s energy landscape
24/07/2024
True North is Iberdrola’s first solar project in the state of Texas. Operated by its US subsidiary Avangrid, some 20 MW has been commissioned so far. ...
UK ‘off track’ for net zero, says Climate Change Committee
24/07/2024
Under its Nationally Determined Contribution (NDC) to the Paris Agreement, the UK has committed to reduce emissions in 2030 by 68% compared to 1990 le...
New Chinese partnerships to help transform Saudi Arabia into a key hub for renewable energy components
24/07/2024
The deals are the latest investments by Saudi Arabia’s Public Investment Fund (PIF) to support the kingdom’s Vision 2030 blueprint for a diversified a...
Onshore wind capacity to double in Latin America in next 10 years
17/07/2024
The report shows that 2023 was a record year with 5.9 GW of onshore wind additions in Latin America, helped by a rush in Brazil to secure expiring whe...
Events and training
Economics of the Oil and Gas Industry - October 2024
14/10/2024 - 15/10/2024
A 2-day introduction to the economics of the oil and gas industry. This course is suitable for students who are new to the oil and gas industry.
UK Energy Policy Debate: Local Energy Vs National Energy
17/10/2024
This UK Energy Policy Debate delves into hard-to-fill areas in the current energy sector. We will be exploring potential solutions, including whe...
Introduction to LNG - October 2024
21/10/2024 - 22/10/2024
This 2-day training course provides an introduction to the LNG chain. Suitable for students who are new to the LNG sector and/or those with a non-tech...
WPC Energy UK National Committee Expert Workshop 2024
31/10/2024
Explore key challenges and potential solutions on the road to net zero.
Technical guidance publications
Guidance on large-scale solar photovoltaic (PV) system design, development and operation
2023
Solar photovoltaic (PV), which converts sunlight into electricity, is an important source of renewable energy in the 21st century. PV plant installati...
Research Report: Embedding circularity into the construction and decommissioning of assets (Phase 1)
2023
The guidance aims to enhance circularity in the construction and energy sectors, both onshore and offshore, by emphasising the reuse and recycling of ...
Research report: Application of life cycle assessment methodology to the understanding of the energy balance and efficiency of hydrogen value chain building blocks
2022
This document is free to download for registered users.This publication explores the efficiencies of the hydrogen energy system and quantifies the ene...
Waste to products – Technology and economic assessment (phase 1)
2022
This document is free to download for registered users.The EMG and Soil Wastes and Groundwater group (SWG) of the EI and Concawe have commissioned E4t...
Guidelines for the assessment of ageing and life extension of non-metallic components in the offshore oil and gas industry, volume 2: composite equipment and repairs
2022
This document captures industry good practice, knowledge and learning on these elements of composite materials. This guidance will provide a star...