Energy Unplugged by Aurora

This week on Energy Unplugged, Caroline Still, Aurora Energy Research's Market Lead for South Africa, is joined by Jan Fourie, CEO of Mulilo. 

Just a few years ago, South Africa's priority was clear: end load shedding. Today, the challenge looks very different. 

As private investment accelerates and the South African Wholesale Electricity Market (SAWEM) begins to take shape, the industry is shifting its focus from simply adding megawatts to building a power system that can deliver reliable, affordable electricity over the long term. 

Drawing on a front-row seat to South Africa's rapidly evolving power sector, Jan discusses why transmission has emerged as the industry's biggest bottleneck, how batteries are changing the economics of renewable energy, and why flexibility could become one of the most valuable commodities in the country's future electricity market. 

The conversation also explores the role of patient capital, the evolution of power procurement, and whether South Africa has the opportunity to do something few countries have managed successfully: build a competitive electricity market while simultaneously transforming its generation fleet. 

Main topics include: 

South Africa's transition from energy crisis to market reform 

Why transmission, storage and flexibility are becoming critical to the next phase of growth 

The role of batteries, curtailment and market signals in a changing power system 

How SAWEM could reshape investment, competition and electricity pricing in South Africa

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 Fellow at the Oxford Institute for Energy Studies. 

For years, the story of China's energy transition was one of scale: more solar, more wind, more batteries, more transmission. 

Now the challenge is changing. 

As renewable generation surges and power demand continues to grow, China's focus is shifting from building clean energy capacity to integrating it. That transition is exposing new questions around market design, system flexibility, provincial decision-making and the role of coal, gas and storage in an increasingly renewable power system. 

Drawing on more than a decade of experience studying China's energy sector, Anders reflects on China's rise from low-cost manufacturer to global clean energy leader and explains why the country's power sector has entered what he describes as its "messy midgame". 

The conversation explores the latest Five-Year Plan, the evolution of renewable support mechanisms, the growing importance of flexibility, and whether China's biggest challenge is no longer building infrastructure, but using it more effectively. 

Main topics include: 

China's rise from clean energy follower to clean energy leader 

Why integrating renewables is becoming harder than building them 

The push and pull between central planning, provincial governments and market reform 

Whether flexibility, not infrastructure, will determine the success of China's energy transition

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, renewable energy development was shaped by abundant capital, falling technology costs, and ever-growing pipelines. Today, the industry is operating in a very different environment. 

Demand growth is back, driven in part by AI and data centres. Project costs are rising. Capital is more expensive. And developers are being forced to rethink some of the assumptions that defined the industry's last growth cycle. 

Drawing on more than two decades of experience building renewable energy businesses, Declan shares his perspective on where capital is flowing, why the US remains the standout market for renewables, and how project development is evolving as the sector matures. 

The conversation also explores the realities of greenfield development, the growing importance of execution and transmission infrastructure, and why Declan believes higher interest rates and a gradual move away from tax credits could ultimately be healthy for the energy transition. 

Main topics include: 

How renewable energy development has evolved over the past 20 years 

AI, data centres and the return of electricity demand growth 

Capital discipline, rising project costs and changing market dynamics 

Why execution may become the industry's greatest competitive advantage

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, to tackle a question at the heart of Britain’s energy debate: why are electricity bills so high, and what would it take to bring them down? 

As the UK pushes ahead with electrification, Rachel argues that the challenge is no longer just about building more renewable generation. Instead, the conversation explores whether the current market design, network investment strategy, and approach to flexibility are fit for a rapidly changing power system. 

The discussion examines the drivers behind rising bills, the role of flexibility and electric vehicles in lowering system costs, and the policy choices that could shape the next phase of the energy transition. Rachel also shares her views on locational pricing, the future role of gas, and the reforms she believes would make the biggest difference for consumers. 

Main topics include: 

What is really driving high electricity bills in Great Britain 

How flexibility, batteries and EVs could reshape the power system 

The debate over grid expansion, market design and locational pricing 

The reforms needed to support electrification and lower costs

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 to explore a defining question for the energy transition: what happens after the first phase of success?
 
 

For much of the past decade, the challenge was clear: deploy clean technologies at scale. Wind and solar needed to become cheaper. Investment needed to accelerate. Policymakers needed to create the right incentives. While significant work remains, that first phase has delivered enormous progress. 

 

The next phase may prove more difficult. The challenge is no longer simply building clean generation but adapting the systems around it. As renewable capacity continues to grow, grids are becoming congested, curtailment is rising, market designs are being tested, and new sources of demand are emerging. The energy transition's greatest challenge today may be managing the consequences of its own success. 

 

Drawing on perspectives from Europe, North America, Latin America, Asia-Pacific and Africa, this special episode examines whether power systems, markets and policymakers can keep pace with the technologies driving the transition forward. 

 

Taken together, these conversations suggest that the energy transition is entering a more complex and consequential phase. The first challenge was deploying clean technologies at scale. The next is integrating them into power systems that were never designed for a high-renewable world. From grid expansion and market reform to flexibility, storage and AI-driven demand, the coming decade will be defined not by whether the transition can grow, but by whether the system around it can keep up. 

 

You will learn about: 

How the energy transition is progressing across different regions of the world. 

Why renewable success is increasingly creating challenges around grids, markets, and investment. 

How batteries, flexibility, and electrification are reshaping power systems. 

What different regions can learn from one another's experiences. 

What needs to happen between now and 2035 to keep the transition on track.