This session, part of Cornwall Insight’s ‘Net zero transition’ training series, and introduces a range of scenarios for the evolution of the GB electricity market to 2050, some of the technologies that may be required at scale to meet net zero, and how future market design may change to meet the challenges ahead.
The future electricity sector will require a huge investment in new generation capacity to meet net zero emissions targets. Many future scenarios also point to increasing complexity and interaction between demand and supply as the system becomes ‘smarter’ and consumers have more opportunities to provide services.
The present wholesale and retail market design has remained relatively unchanged over the last two decades. However, numerous policies are now layered across the markets, which present challenges to call forward the level of investment needed to meet 2050 ambitions, deploy new technologies, and give rise to price cannibalisation.
- Policy makers and regulatory specialists
- Developers, investors and generators
- Energy suppliers
- People supporting and advising those in the energy industry
Learning & Development objectives
- How the physical electricity system may evolve to enable greater electrification of the economy and meet net zero targets
- Introducing demand side and supply side technological solutions, including Carbon Capture Usage and Storage, modular nuclear generation, and negative emission technologies
- The pros and cons of current market design and alternative market frameworks
- The latest on digitalisation and data policy developments
What you can expect
- Delegates will receive soft copies of the materials presented by our market experts
- Learning delivered by Cornwall Insight’s market experts
- Pre-course materials, including an industry glossary and short primers
- Case studies and interactive tools to reinforce learning
- Post-course online ‘ask the experts’ session