Navigating to Net-Zero in the UK: Advancing policy and regulation
FTI Consulting – CARR Energy and Network Regulation and Policy 2025 Summer Seminar
5/6 June 2025
The road to ‘Net Zero’ is paved with many good policy intentions. The actual pursuit, however, is paved with considerable uncertainty and debate. To discuss the evolving regulatory landscape regarding energy and other infrastructure, carr co-organised with FTI Consulting its first ever joint summer seminar in early June 2025.
Debates about how to transition towards a ‘Net Zero’ energy system reflected recurring dilemmas in economic regulation. For one, debates surrounded questions of coordination. After a period of reliance on decentralised markets, observers noted a growing emphasis on governmental involvement in planning future energy systems. How to organise for such planning— and what the appropriate role of system operators and economic regulators might be— is, however, more contestable. In addition, technological change has also been remarkable, leading to both the utilisation of particular technologies (such as batteries) and considerable price reductions. A related debate, therefore, considered the role of flexibility through different technologies in future energy systems. Such questions do not just relate to the extent to which existing capacities in transmission and distribution systems can be utilised, but also to the changing role of transmission and distribution systems.
Any progress towards achieving Net Zero was contingent upon sustained societal support. Consequently, a critical inquiry was the equitable distribution of costs associated with the transition to Net Zero. Presently, a climate of ‘high cost stagnation’ posed a threat to the broader objectives, necessitating the exploration of cost-effective decentralised approaches. The context of data-rich engagement between customers and their suppliers presented significant opportunities, which would also bolster the overall resilience of energy systems. One challenge in this regard was the integration of legacy systems. Simultaneously, such approaches necessitated a comprehensive reflection on the appropriate regulatory framework and strategy, particularly in terms of accessing more customer information and empowering regulators with the requisite authority.
Speakers: Michael Liebreich (Liebreich Associates), Akshay Kaul (Ofgem), Rebecca Sedler (National Grid), Guy Newey (ESC), Claire Dykta (NESO), Martina Lindovska (FTI Consulting), Sotiris Georgiopoulos (UKPN), Ed Porter (Modo), Mary Starks (OVO), Marcia Poletti (Octopus), David Black (Ofwat), Dermot Nolan (Fingleton), Brian Denvir (Google), Theodora Forbes (CIP), Arthur Downing (Octopus), Greg Jackson (Octopus), Steve Smith (National Grid)
Transforming Government
Thursday, 22 May, 3-5.30pm, CBG 2.01, LSE
Speakers: Roland Koch (Frankfurt School, former prime minister of Hesse), Helen Margetts (Oxford Internet Institute), Richard Mottram (LSE Visiting Professor), Mitchell Weiss (Harvard Business School), and Daniel Werfel (former Commissioner, US Inland Revenue Service)
How the ‘machinery of government’ should be designed and operated is a perennial concern in the study and practice of executive government. Over three decades or so ago, debates were particularly shaped by the ‘Transforming Government’ agenda that was to introduce ideas of ‘New Public Management’ into the ways in which governments were to be run. The contemporary age of machinery of government debate appears to lack such a central reference point. Technological advancements in information technology are said to have greatly advanced the potential for analytical and co-ordinative capacity in government. Others have put their faith in the centrality of ‘missions’ to support cross-cutting coordination, whilst others seek to justify reform on the basis of ‘agility’.
Inertia: Purposeful Inefficiencies in Financial Markets
Wednesday 26 March 5-7pm, MAR 2.06, LSE
Financial professionals are paid as if they were capable of “beating the market” on a regular basis. In fact, active fund managers routinely underperform low-cost index funds, and financial analysts frequently produce inaccurate stock recommendations—and many receive large fees even when their clients are losing money. Why do financial intermediaries still persist in the investing world despite this track record?
Speakers at the launch will be:
Ken Lee, Loughborough Business School, Loughborough University
Yuval Millo, Warwick Business School, University of Warwick
Michael Power, Department of Accounting, London School of Economics and Political Science
Crawford Spence, King’s Business School, King’s College London
After presentations by the speakers there will be an open discussion, followed by a reception.
International cooperation when mistrust deepens
Friday 28 Feb 2-6pm, LSE in person and on Zoom
An event to celebrate the publication by Oxford University Press of “International cooperation when mistrust deepens: Britain and the first international regulatory regime” by Perri 6 and Eva Heims.
Speakers:
Perri 6, School of Business and Management, Queen Mary University of London and visiting professor, Centre for the Analysis of Risk and Regulation, London School of Economics
Mette Eilstrup-Sangiovanni, Department of Politics and International Studies (POLIS), University of Cambridge
Eva Heims, Department of Politics and International Relations, University of York and research associate, CARR, LSE
Mathias Koenig-Archibugi, Department of Government and Department of International Relations, London School of Economics
Sir Geoff Mulgan, Science, Technology, Engineering and Public Policy (STEaPP), University College London
Edward Page, Department of Government, London School of Economics