The voice of the energy industry

Our Annual Report

A year ago, we had just celebrated the tenth anniversary of the Climate Change Act. Despite this landmark, there was a concern back then that the achievements we were commemorating and, more importantly, the message that these needed to be replicated on a much bigger and economy wide scale, were not getting the attention they warranted.

Not anymore – 2019 has seen climate change climb to the top of the media and political agenda and the net-zero pledge has entered the nation’s lexicon. Great news for all of us who have been pushing for greater ambition but we now urgently need rhetoric to be followed by reality. Despite the continuing political uncertainty, as a country we need to move from sometimes not knowing what’s happening tomorrow to making long-term plans and commitments. Not that 2050 is that far away of course – as another recent anniversary has reminded us, going back 30 years only takes us to the fall of the Berlin Wall.

Our Future of Energy report showed impeccable timing, preceding the pledge by a mere few weeks, setting out a roadmap for many of the things we need to do to reach net-zero. Our other major publication, the report from the Commission for Customers in Vulnerable Circumstances, was an equally pertinent reminder that supplying a product essential to every household comes with a responsibility this industry fully recognises. I am very proud of both these landmark reports, which have played an important role in our engagement work throughout the year making sure the industry’s voice is heard on numerous issues covering the whole industry. One example being the restoration of the Capacity Market, after a year of closely working with Government to stress the importance and the urgency of the situation for our members.

Recognition of our influence and contribution has given us a seat at the table when future strategy and policy are being discussed. This includes representation on taskforces for electric vehicles, Carbon Capture Usage and Storage (CCUS) and Heat, where our expert perspective can help ensure that future legislation and measures are going in the right direction. In areas as diverse as Brexit, carbon pricing, Contracts for Difference, complaints handling, energy efficiency, future market design, flexibility, supplier licensing, data sharing, E3C’s report on the August power cut, to name but a few, Energy UK have been working hard to represent your views and interests with Government, regulators and other decision makers.

It’s also been great to see efforts to support the creation of a more inclusive and diverse workforce, something that will be just as vital to the future success of our sector. As I reach the end of my time as chief executive, it’s going to be a wrench to leave, but the organisation and team are in good shape for the enormous but exciting challenges that lie ahead.

Lawrence Slade
chief executive, Energy UK

Read our Energy UK Annual Report 2019

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