Monday 17 April 2023

‘Give Ofgem the power to enact net zero’

‘Give Ofgem the power to enact net zero’

Ofgem should be given the powers to deliver the 2050 net zero target.”

That’s the view of Emma Pinchbeck, Energy UK Chief Executive and Baroness Hayman Co-Chair of the cross-parliamentary group Peers for the Planet who have written a joint letter to the government, published in the Financial Times.

Both urge the government to “amend Ofgem’s statutory responsibilities,” stating that having the energy regulator legally in charge of net zero would help in having the UK’s climate targets realised.

They write that calling for the move “follows previous calls by expert bodies such as the Climate Change Committee, the National Infrastructure Commission, the review by Chris Skidmore, Downing Street’s net zero tsar and the House of Lords industry and regulators committee.”

In addition to this, both cite Ofgem Chief Executive Jonathan Brearley’s beliefs that there would be “benefits in defining a net zero duty for Ofgem in statute.”

“We need an empowered regulator with a clear duty to secure the net zero energy system,” the letter concluded.

An Ofgem spokesperson said: “This is a decision for government as Ofgem operates under a statutory remit set by it and any decision on changing our remit is for government to make.

"Our duty to protect the interests of current and future consumers and ensure sustainable development of the energy sector, is entirely consistent with the net zero mandate.”

Written by

Bruna Pinhoni

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