Which government department is responsible for energy storage companies

Who regulates the energy sector?

In this Insight, we deep dive into the roles of those that govern, regulate and operate the energy sector – the Department for Energy Security and Net Zero, Ofgem and the newly operational National Energy System Operator.

Who regulates the energy sector in Great Britain?

Government is responsible for setting the policy and regulatory framework for the energy sector in Great Britain. The Department for Energy Security and Net Zero is the sponsor department for Ofgem and the Secretary of State has a role in keeping Parliament informed of Ofgem’s performance.

What role does government play in the energy sector?

100. Government is responsible for setting the policy direction for security and resilience posture across the energy sector. To fulfil this role and make effective decisions, government requires robust evidence and advice provided by industry partners.

What services do electricity storage systems provide?

System services: Electricity storage systems provide ancillary services like frequency and voltage regulation, ensuring that the grid remains balanced and stable even when renewable generation fluctuates. This is especially important as wind and solar, both non-synchronous power sources, are integrated into the grid.

Who regulates carbon dioxide transport & storage?

The Act establishes Ofgem as the economic regulator for carbon dioxide transport and storage, with statutory objectives and legal powers to regulate the economic licensing regime.

Who is responsible for energy policy in Great Britain?

At a very high level, government is responsible for setting energy policy direction across Great Britain, Ofgem is the independent economic regulator and makes decisions on business and investment plans, and NESO will be whole system planner, operator of the electricity system and expert advisor to government and Ofgem as the key decision makers.