Episode
63

Who Governs Energy?

November 23, 2022
|
Duration:
2009036
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In This Episode:

Join David Arkell, John Pooley, and Lysandra Naom on an episode all about the bodies that govern energy. This episode features government, energy boards, and ISOs contributions, influences, and involvement in governing energy. Check out our 360 Carbon Excellence Program.

Highlights

  • ‍The Role of Governments: Governments set broad energy policies and strategies, often influenced by political cycles. These policies include directives for reliable, economical energy and cover aspects like climate goals and energy independence.‍
  • Energy Boards and Regulators: Energy boards enforce government policies and regulate distribution rates. They play a critical role in ensuring public interest, preventing unfair practices, and setting the groundwork for local distribution companies.‍
  • Independent System Operators (ISOs): ISOs handle the technical operations of the energy market, such as managing supply and demand forecasts, coordinating energy distribution, and maintaining system reliability.‍
  • Political Influence on Energy Markets: Political changes can lead to policy shifts, as seen in the U.S. and Canada, where incoming governments often alter climate and energy policies. This variability creates uncertainty for energy providers and consumers.‍
  • Opportunities for Public Engagement: Despite the complexities, the team encourages individuals to get involved by understanding energy policies and participating in public consultations or advocacy efforts.

Key Insights

  • ‍Government Policies and Short-Term Focus: While governments ideally set long-term energy policies, political cycles often result in short-term decision-making. Policy reversals impact market stability, particularly in areas like renewable energy and climate commitments.‍
  • Balancing Regulation and Market Freedom: Different regions balance government control and market freedom uniquely. In Europe, for instance, certain energy sectors remain under government control, while North America has deregulated markets for natural gas and electricity.‍
  • Consumer Engagement is Essential: Consumers are urged to stay informed and vote with an understanding of how energy policy impacts them directly. Active engagement in energy-related issues can drive positive changes.‍
  • Public Consultations as a Path to Influence: Governments occasionally hold open consultations on energy policies. These offer opportunities for professionals, institutions, and individuals to contribute insights and influence policy directions.‍
  • Energy’s Role in National Security: Reliable energy policy is integral to national security, especially amid global disruptions. Both local and national policies need to align for effective energy governance.
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