Sustainability First responds to REMA consultation
On 3 October, Sustainability First published its response to BEIS’s Review of Electricity Market Arrangements (REMA) consultation.
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Veronica Truman
Elexon published its consultation response to REMA
On Monday 10 October, Elexon issued its response to the REMA consultation.
Can REMA save the energy market?
The Energy Industry is in danger of losing its licence to operate. Rightly or wrongly, it is being blamed for increases in the wholesale costs of gas and power which are largely beyond its control. Exposure to gas prices is driven by failures to rollout energy efficiency, late delivery of new nuclear and renewables and overexposure to the continent. These factors drive and exacerbate inflation which will likely be responsible for a recession as businesses and households reduce activity and spending in response to rising energy prices.
Energy system reform: Ofgem share plans for Britain’s Energy system
Against the backdrop of record high and volatile energy prices, Ofgem set out on 8 July its view on key aspects of the GB energy system where it considers significant reform is required to deliver a resilient, low cost, low carbon energy sector.
Can we fix the wholesale energy market this winter to lower prices and should we want to?
There’s a lot of debate on what might be done outside the energy market to relieve consumer bills. We don’t have much to add there, but we have been thinking and chatting around the place about whether temporary fixes could be made to the wholesale market design that would result in lower prices for consumers (and thus less pressure for external political intervention)