Regen issues response to second REMA consultation

On Wednesday 8 May, Regen published its response to the government’s second Review of Electricity Market Arrangements (REMA) consultation. The organisation noted that in most key areas, it is supportive of REMA’s direction of travel, including the decision to drop nodal Locational Marginal Pricing. Regen stated that its main difference of view is a strong recommendation that DESNZ should abandon the zonal pricing option to reduce investor uncertainty and recommends that if zonal pricing remains an option, then more work is needed before any design decisions are made. Regen also detailed potential opportunities for operational reform within a progressive reform programme, across areas such as the balancing mechanism and constraint markets.