UK to study if local energy systems can slash costs

Bloomberg

The UK’s energy regulator Ofgem will investigate how local energy markets can cut costs and reduce the environmental impact of powering the country.
The energy crisis and the war in Ukraine is driving up living and manufacturing costs in Britain. Overall, the average family will be $1,433 worse off over the next 12 months, according to the Resolution Foundation.
“New local markets could play a bigger role in future to balance power supply and demand flexibly and reduce need for building expensive new grid capacity,” the regulator said in a statement.