We're producing and using electricity in new and smarter ways, but is the way the government ... [+] controls the energy market preventing us from feeling the true benefits of a green energy grid? gettyThe U.K. must overhaul its entire electricity market if consumers, the economy and the climate are to benefit from new innovations in green energy such as smart homes, electric vehicles and heat pumps, a new report has concluded. “The current government-directed approach to energy is like Boris Johnson telling Steve Jobs how to design the iPhone,” said Guy Newey, strategy and performance director at Energy Systems Catapult. “What’s needed is an aggressive evolution of the energy market,” Newey told Forbes.com. But with digitization, he said, energy consumption could now be controlled and stored flexibly, improving efficiency and reducing costs.

Source: Forbes April 02, 2021 07:30 UTC