UK to Audit Power Infrastructure to Accelerate Renewable Energy Development

2 min read | October 22, 2024 06:49 PM PDT | By Team Kalkine Media

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UK to Audit Power Infrastructure to Accelerate Renewable Energy Development — Image source: Shutterstock

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Highlights:

NESO to conduct a comprehensive audit of the UK’s power infrastructure to accelerate renewable energy projects.

The first report from the Strategic Spatial Energy Plan (SSEP) will be published in 2026, focusing on electricity generation and storage.

SSE PLC (LSE:SSE) supports the initiative, with its CEO emphasizing the importance of long-term stability for unlocking clean energy investment.

Britain's energy network operator, the National Energy System Operator (NESO), has been tasked with conducting a comprehensive audit of the country’s power infrastructure to speed up the development of renewable energy projects. The review, which will include key sectors like transport and water, aims to provide a complete overview of infrastructure in England, Scotland, and Wales.

The Department of Energy announced that the audit will contribute to the creation of the new Strategic Spatial Energy Plan (SSEP), with the first report set to be published in 2026. This initial report will focus on electricity generation and storage, with the primary goal of reducing grid connection waiting times, lowering costs, and accelerating project development.

Alistair Phillips-Davies, chief executive of SSE PLC (LSE:SSE), expressed strong support for the SSEP, emphasizing its importance for unlocking significant investment in clean energy. He noted that long-term stability through spatial plans and policy mechanisms is crucial to driving billions of pounds in investment, creating jobs, and building a cleaner, more secure energy system in the UK.

Kayte O’Neill, NESO’s chief operating officer, highlighted the collaborative approach of the initiative, stating that engaging with government, regulators, industry stakeholders, and communities will help identify where electricity generation and storage technologies are needed to meet future demand and decarbonisation goals.

The audit is seen as a key step in ensuring the UK’s energy infrastructure can support the country’s renewable energy ambitions. As the review progresses, it is expected to provide a clearer roadmap for the future development of energy projects, making it easier to connect new renewable sources to the grid and support the transition to a low-carbon energy system.

Shares in SSE dipped by 1.5% to 1,868p following the announcement.

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