The energy market framework requires a “fundamental redesign” in order to deliver the transition to net zero emissions, according to the former director of clean growth at the Department for Business, Energy and Industrial Strategy (BEIS). Giving evidence on Tuesday (9 December) to the ongoing inquiry by the House of Lords Industry and Regulators Committee into Ofgem and net zero, Tim Lord said the existing market was designed to serve the needs of fossil fuel plants with fundamentally different characteristics to renewables.
Energy market requires ‘fundamental redesign’
