Financing the Future: Energy
UKSIF's key recommendations to drive private capital into the energy transition
Despite past success and ambitious targets, the UK Energy sector now faces a critical investment gap in its decarbonisation journey. The UK’s recent fall in global rankings and fierce international competition highlight the need for policy reforms to unlock around £115bn in potential investment and secure the UK’s position as a green finance leader.
Learn moreKey Recommendations
1. Overhaul planning rules to remove obstacles and reduce the time taken to bring large energy projects online
Streamline the current consenting process for major energy projects by shortening decision timescales
Introduce a legal requirement for five-yearly reviews of National Policy Statements
Update planning regulations to create a more favourable outlook for onshore wind farms
Learn more2. Ensure there is adequate grid capacity to reduce connection times
Enhance the role of the energy regulator (Ofgem) to allow investment into grid build out
Government must urgently publish a Strategic Spatial Energy Plan and a timeline for its delivery
Learn more3. Reform energy pricing mechanisms to incentivise long-term investment in UK low carbon power capacity, including the Contracts for Difference auction process to better support UK supply chain investment
Update the parameters for Contracts for Difference and procure generation based on a capacity basis rather than on budget
Reform CfD parameters to better support UK supply chain investment
Deliver the Review of Electricity Market Arrangements (REMA) as a priority
Learn moreIndustry Polling
Results of poll of 100 leaders across the UK's energy industry, collectively turning over £700bn per annum
