It is safe to say that most of Great Britain’s (GB) heat and transport systems are from high emission sources that are incompatible with net zero. Decarbonising how we heat our homes and move from A to B is crucial to meeting our emissions targets. However, the biggest challenge associated with the move to a more net zero system is the increased demand for electricity.
Charlotte Nelson
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Related thinking
Heat networks
How to develop a heat networks market? Key opportunities presented by regulation and policy
In order to achieve the UK target of reaching net zero by 2050 there is a significant need to decarbonise the heating sector, with heat networks expected to be a key solution to decarbonise heating in urban areas. In this week's 'Chart of the week' we explore the current distribution...
Energy storage and flexibility
Out with the old, in with the new: T-4 Capacity Market clears at record price
On 21 February, the T-4 Capacity Market auction for Delivery Year 2026-27 cleared at a record high price of £63.00/kW/year, procuring 43,000.955MW of capacity. In this week’s 'Chart of the week', we explore the key takeaways from the auction.
Commercial and market outlook
Nobody said it was easy, but it’s time for us to part: VIC’s climate targets & coal
In 2017, the Victorian Government legislated a state target of net-zero greenhouse gas emissions by 2050. Since then, short-term targets have been set in five-year increments, with the 2030 target being to cut emissions by 45-50% below 2005 levels. The Government is currently consulting on the 2035 target, which must...
Low carbon generation
Lower energy prices? More than just hot air
The Victorian Government launched Australia’s first offshore wind targets as part of its transition towards a net-zero emission future. According to the target, 9GW of offshore wind will be installed by 2040, nearly quadrupling the total wind capacity in VIC. In this Chart of the week, we dive into the...
Commercial and market outlook
Renewables share steadily increasing in European heating and cooling
In this week’s ‘Chart of the Week’, we look at statistics published by Eurostat, the statistical office of the EU, showing that the share of renewables in heating and cooling is steadily growing.
Commercial and market outlook
Hogging the spotlight: the opportunity in the evening peak
As the duck curve steepens and renewable energy penetration increases in the NEM, we briefly examine revenue share by time of day and highlight the growing opportunity in the evening peak. Will this become the new normal, with revenues increasingly concentrated in just one part of the day? Or will...
Energy storage and flexibility
Seasonal frequency in the NEM: is VRE continuing to drive it?
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Commercial and market outlook
Is the NEM going off schedule?
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