David Newbery - An Energy Revolution

Professor David Newbery is the founder and director of the Energy Policy Research Group at Cambridge Univeristy. Here, he talks to Jean-Michel Glachant about the rapid transition in between centralised planning and the new world of non-stop investment in renewables. Recorded in Cambridge, England May 13 2016. "It's a revolution in the sense that the system of regulation is based on trying to create stability and predictability in the charger regime. That's fine if you've got plenty of time. So the thing that has revolutionised the electricity system is the speed with which things can change." "It's not so much a revolution of technology, these technologies have been around." "We have to think very carefully about what the principles are for connecting and charging for connecting to the system. And we have to get around the problem of regulatory stability by giving people longer term contracts when they connect which allow them to predict what their charges are."