BEIS

Encouraging innovation in regulated utilities: consultation - response from Faraday Grid

Encouraging innovation in regulated utilities: consultation - response from Faraday Grid

The HM Treasury’s and Department for Business, Energy & Industrial Strategy (BEIS) initiated a consultation focusing on innovation in utilities, with the aim to “ensure our system of utilities regulation is fit for the future.” As an innovator of technology that will radically transform the market and with a growing global presence, Faraday Grid is keen to engage in the conversation and submitted a response to BEIS, which can be accessed here.

BEIS/OFGEM Call For Evidence - A SMART, FLEXIBLE ENERGY SYSTEM

BEIS/OFGEM Call For Evidence - A SMART, FLEXIBLE ENERGY SYSTEM

We believe energy system regulation must have an essential and explicit philosophy of minimising restriction to the adoption of technology, seen or unseen, in order to reduce the cost of energy, system fragility, as well as greenhouse emissions.