Using contest to incentivise network innovation
The operation and regulation of electricity networks in Britain has been largely unchanged for two decades. But now the regulator has recognised the need to kick-start the innovation needed if the Government’s carbon reduction targets are to be met.
In 2010 it launched the Low Carbon Networks Fund (LCN), offering multi-million pound prizes for the best trials of new network management techniques. Now that the first group of project winners has been announced, this bulletin assesses the fund’s initial results.