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The UK Energy Sector Through the eyes of an independent domestic supplier

The UK Energy Sector Through the eyes of an independent domestic supplier. Ramsay Dunning Co-operative Energy. T opics. Who I am, Who Co-operative Energy is UK Energy Market domestic gas, electricity Challenges Ahead Opportunities ahead. Who we are. Co-operative Energy

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The UK Energy Sector Through the eyes of an independent domestic supplier

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  1. The UK Energy SectorThrough the eyes of an independent domestic supplier Ramsay Dunning Co-operative Energy

  2. Topics • Who I am, Who Co-operative Energy is • UK Energy Market domestic gas, electricity • Challenges Ahead • Opportunities ahead

  3. Who we are • Co-operative Energy • Supplier of Gas, Electricity to domestic properties in the UK • Created by Midcounties Co-operative • Trade under National co-operative brand

  4. Key Achievements to date • July 2010 Midcounties Board agree to create Co-operative Energy • December 2010 first customers go on supply • April 2011 granted exit from controlled market entry • May 2011 announce Co-operative Energy to the general public • July 2012 exceed 50,000 customers and no longer classed as a small supplier • July 2014 customer numbers exceed 200,000

  5. UK Energy Market • Regulated by OFGEM • Policy by DECC • Big Six domination (declining) • Political • Policy to meet Trilemma • Security • De-carbonisation • Affordability

  6. Electricity • Increasing renewables • Govn’t led price support mechanisms • Potential generation gap • Balancing challenges with increased renewables

  7. Gas • Increasing dependence on imports • Fracking • Global price/supply implications • UK potential implications

  8. Challenges Ahead • Trilemma • Security – increasing dependence on imported gas – electricity potential shortfall • Decarbonisation – pace/cost of move to renewables, commercial CCS • Affordability, domestic (voter) home, commercial for UK economy v low energy cost nations • Pace of political and technological change • If either gas or electricity scarce, domestic takes priority

  9. Opportunities ahead • Renewables, Commercial CCS, • Linking renewables to controllable generation • Increasingly open wholesale markets • Location • Collaboration, linking above, a) protect investments, b) exploit potential profits

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