Understanding REMA
As we strive for net zero and to wean ourselves from gas, BEIS’s new Review of Electricity Market Arrangements (REMA) promises the biggest overhaul in the wholesale power market for a generation.
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Business supply and services
BEIS consults on Review of Electricity Market Arrangements
On 18 July, the government opened its consultation on the Review of Electricity Market Arrangements (REMA) in which it aims to identify reforms needed to ensure electricity market design is fit for the purpose of maintaining energy security and affordability for consumers as the electricity sector decarbonises.
Into the Labyrinth: Government publishes REMA consultation
Having alluded to the need for electricity market reform in several policy documents over the last few years, and following a commitment made in its April Energy Security Strategy, on 18 July the government published its Reform of Electricity Market Arrangements (REMA) consultation.
Unpicking implications of electricity market reform
With power prices expected to remain high for the foreseeable future and increasing challenges to our energy supply, the energy trilemma – the need to deliver net zero while preserving our security of supply in a way affordable to consumers – is taking centre stage once again.