More than 100GW of additional wind and solar capacity, alongside 30GW of short duration energy storage, is needed in the UK if the country is to meet its net zero obligations.
Regulators must be given new powers to ensure utility firms invest in sustainable infrastructure or the UK’s net zero emissions by 2050 target is at risk.
Decarbonisation of the UK’s energy supply is slowing, Ofgem has warned, while the cost of balancing the UK’s power system spiked to its second-highest ever in 2017/18.
The UK could adopt the most ambitious net zero target of any established economy as the Labour Party agrees on a target of 2030, but meeting such a target would be a "considerable challenge" the clean energy sector has warned.
The power sector must focus on collaborating and dedicate less time lobbying against each other if the industry is to deliver towards the UK’s net zero targets.