08:30 - 18:00
One Birdcage Walk, Westminster, London SW1H 9JJ plus online live stream
Energy beyond the crisis: how can markets deliver an affordable transition?
Register at https://www.biee.org/conference/biee-policy-conference-2022/
How can market mechanisms best help deliver a new energy system?
Ten years ago the UK set out to reform its electricity market, using a variety of market and other mechanisms to deliver competing objectives of security, affordability and decarbonisation. The reform has had notable successes, such as delivering significant new renewable generation, but our goals have changed and meanwhile decentralization and digitalization present new challenges and opportunities.
In BIEE’s biennial policy conference we’ll be asking key questions about how our energy system should evolve and what role markets can play.Electricity is just a part of the energy transition. The problem of gas and decarbonising heat has become more pressing – and this year, consumers face the biggest energy price shock since the 1970s. As we enter a testing winter for customers – and for the energy industry – it is time to consider the short-term shock we are facing now, and how the current crisis will affect our long term plans for an energy transition.
The UK generally seeks market-based solutions to deliver policy objectives, but as energy becomes more interconnected with other sectors, such as mobility or carbon, where do they work best? How can they provide the outcomes consumers want? What risks will they face? Are there better alternatives outside the market?
A decade after the suite of measures that constituted the UK’s Electricity Market Reform changed everything - except the wholesale market – how much of it is still fit for purpose? And what can we learn from the electricity experience when designing other markets?
We will be exploring energy market options around three themes:
A: Market designs
B: Managing risks and shocks
C: Market places
- Michael Bradshaw, Professor of Global Energy, Strategy and International Business Group, Warwick Business School
- Rachel Cary, Joint Head of the Review of Electricity Market Arrangements, BEIS
- Gillian Cooper, Head of Energy Policy, Citizens Advice
- Mark Copley, CEO, European Federation of Energy Traders (EFET)
- Sue Ferns, Senior Deputy General Secretary, Prospect Union
- Tim Gould, Chief Energy Economist, IEA
- Ruth Herbert, Chief Executive, Carbon Capture & Storage Association (CCSA)
- Richard Koszykowski, Energy Advisor, Major Energy Users’ Council (MEUC)
- Ulf Ch. Nahrath, GM UK Energy Transition & Infrastructure, Shell
- Maureen Paul, Deputy Director of Current Retail Market Policy, Ofgem
- Simon Roberts OBE, Chief Executive, Centre for Sustainable Energy
- Laura Sandys CBE, CEO, Challenging Ideas
- Frances Warburton, Associate Partner, EY
- David Wildash, Head of Market Services, National Grid ESO