EP.269 – Ofgem’s Steve McMahon on Grid Investment, Faster Delivery and Net-Zero Needs

EP.269 – Ofgem’s Steve McMahon on Grid Investment, Faster Delivery and Net-Zero Needs

This week on Energy Unplugged, we’re delighted to welcome Steve McMahon, Ofgem’s Director for Network Price Controls. He joins Dan Monzani, Aurora’s Managing Director for the UK & Ireland, to unpack Ofgem’s final determinations for RIIO-3 and what the next regulatory period means for networks, consumers and investors. The discussion explores the scale of required electricity and gas network investment, how strategic planning and new procurement approaches aim to accelerate delivery, and the challenges posed by surging demand, connection queues and rising system constraints.

Steve leads Ofgem’s regulation of the onshore electricity and gas networks, overseeing the current price controls and the development of the RIIO-3 settlements, as well as serving as Ofgem’s Head of Scotland. He brings deep experience from senior roles across UK and Scottish Government, including in transport infrastructure and economic analysis.

You will learn about:

  • Why RIIO-3 marks a major step-change in network investment and planning.
  • How Ofgem is balancing delivery speed, investment viability, and consumer protection.
  • The tools designed to accelerate grid upgrades - from early-stage funding to advanced procurement.
  • The growing cost of system constraints and why timely investment is essential.

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China's Renewable Boom Enters Its Hardest Phase EP. 303

China's Renewable Boom Enters Its Hardest Phase EP. 303

This week on Energy Unplugged, Lara Panjkov, Aurora Energy Research's Head of Research for APAC, and Zelin Chen, Aurora's Market and Research Lead for China, are joined by Anders Hove, Senior Research...

25 Elo 44min

Why Higher Interest Rates May Be Good for Clean Energy EP. 302

Why Higher Interest Rates May Be Good for Clean Energy EP. 302

This week on Energy Unplugged, Oliver Kerr, Aurora Energy Research's Managing Director for North America, is joined by Declan Flanagan, CEO of Blue Star Energy Capital.  For much of the past decade, r...

18 Elo 38min

We Built the Renewables. So Why Are Bills Still Rising? EP. 301

We Built the Renewables. So Why Are Bills Still Rising? EP. 301

This week on Energy Unplugged, Marc Hedin, Head of Research for Western Europe & Africa at Aurora Energy Research, is joined by Rachel Fletcher, Director of Regulation & Economics at Octopus Energy, t...

11 Elo 43min

We Built the Renewables. So Why Are Bills Still Rising? EP. 301 - Video Edition

We Built the Renewables. So Why Are Bills Still Rising? EP. 301 - Video Edition

This week on Energy Unplugged, Mark Hedin, Head of Research for Western Europe & Africa at Aurora Energy Research, is joined by Rachel Fletcher, Director of Regulation & Economics at Octopus Energy, t...

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When Success Becomes the Challenge EP. 300

When Success Becomes the Challenge EP. 300

As we celebrate a milestone 300 episodes of Energy Unplugged, Richard Howard, Aurora Energy Research's Global Research Director, is joined by Aurora's regional Managing Directors from around the world...

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Can Data Centres Earn Their Power? EP.299

Can Data Centres Earn Their Power? EP.299

This week on Energy Unplugged, Oliver Kerr, Aurora Energy Research’s Managing Director for North America, is joined by Arushi Sharma Frank, Founder of Luminary Strategies and one of the leading thinke...

28 Heinä 51min

BONUS EPISODE: The Hidden Challenge Behind Brazil's Energy Boom

BONUS EPISODE: The Hidden Challenge Behind Brazil's Energy Boom

This week on Energy Unplugged, Rodrigo Borges, Aurora Energy Research’s Market Lead for Brazil, is joined by Carla Primavera, Deputy Managing Director at BNDES, the Brazilian Development Bank. BNDES h...

23 Heinä 18min

Can the Grid Keep Up with AI? EP. 298

Can the Grid Keep Up with AI? EP. 298

This week on Energy Unplugged, Oliver Kerr, Aurora Energy Research’s Managing Director for North America, is joined by Seyed Madaeni, Co-Founder and CEO of Verse. Drawing on decades of experience in p...

21 Heinä 35min

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