Our energy system is changing. There is more low carbon generation, which is intermittent and often located close to people’s homes and businesses, and it produces different amounts of electricity depending on factors like the time of day or the weather. New technologies are emerging and the costs of many of these technologies, such as storage, are falling rapidly.
If we get the changes right, we have the opportunity to create new businesses and jobs, empower consumers and help people save up to £40bn off their energy bills in the coming decades.
This Plan is a culmination of work with BEIS, it is a core component of Ofgem’s future facing work to enable the energy system transition, and it forms part of the Government’s Industrial Strategy.