The latest Adam Smith Institute paper, "Power Up: The framework for a new era of UK energy distribution", has featured in City AM for its argument that cutting back red tape regulations can lead to innovative and new ways of energy distribution.
“Regulating the market too heavily – often justified by claims that consumers are being ‘ripped off’ or overwhelmed by the number of tariffs available – closes down consumer experimentation and prevents technological and economic progress, which keeps energy prices high,” the think tank said.
The report, Power Up: The framework for a new era of UK energy distribution, argues that new technologies such as smart grids and distributed energy production can revolutionise old models of energy distribution and pricing, in the same way that apps like Uber are disrupting traditional models of transport.