Industry News from Cable Show 2024: Issues Facing Traditional Grid Reform

The UK is undergoing electricity market reform (EMR). Cable Show 2024 has learned, it is estimated that the UK may need £100 billion in the future to upgrade its current grid infrastructure to meet future needs.

The fundamental reasons for electricity market reform include aging infrastructure and growing electricity demand. Many old coal-fired power stations are about to shut down, and the grid cannot meet the travel demand as it continues to age, necessitating electricity market reform to update the current grid infrastructure.

Additionally, the widespread adoption of electric vehicles and the electrification of heating are leading to an increasing electricity demand, requiring significant investments to improve grid equipment and meet future electricity needs.

When integrating renewable energy into the grid, the unpredictability of renewables can pose power supply safety issues, challenging the stability of the power system. Electricity market reform can ensure the safety of power supply while meeting the growing electricity demand.

Cable Show 2024 believes that encouraging the integration of renewable energy into the grid and strengthening support policies so that renewable energy generation can compete freely with traditional generation in the long run can help lower electricity prices and meet environmental requirements.

In summary, reforming the traditional grid is a necessary move to ensure power supply safety, meet the growing electricity demand, address aging infrastructure, and promote environmental sustainability.

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