Are energy grids holding back renewable energy progress?

The UK is at a pathbreaking threshold of renewable energy and aims to march towards its net-zero emission goal by 2050, which is also part of its green industrial revolution plan. Power utilities, government policy makers, and citizens collectively agree that the ageing electric transmission and distribution grid needs to be upgraded as it wasn’t enough to take the extra burden.

Energy is traded to and from the UK, but the major hurdle is the UK’s transmission infrastructure, which is limited in terms of size to supply the added renewable power being generated at present.

Over time, energy demand and consumption have increased manifold. However, new capacity has not been added at the same rate. Therefore, there has been a drastic fall in terms of headroom, which can be defined as the difference between peak supply and peak demand in a given time. 

At present, the UK is largely dependent on gas, especially for heating homes. In the coming years, the UK will need a way out to replace gas stations and transmit wind or solar energy.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from an appropriately authorised and/or qualified financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.