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Locational Marginal Pricing

Renewable Energy

Ofgem publishes assessment of locational wholesale pricing for GB

On Monday 30 October, Ofgem published a report setting out its key findings from assessing the potential impacts of introducing locational wholesale pricing in GB. The assessment looks to provide analysis and insight into how these market designs could work in GB. The report also includes a cost benefit analysis, a look into wider market and system impacts, and an assessment of the potential impact of locational pricing on consumers.

Electricity Pylon

Commissioned CI report outlines electricity market reformation

In a joint release issued on Thursday 24 August, RenewableUK, Solar Energy UK, and Scottish Renewables announced the publication of a Cornwall Insight (CI) report that has found that a different approach in Ofgem’s aims to reform electricity markets could be achieved without risking investment in renewable energy.

Consultancy

Citizens Advice explores implications of locational pricing

On Wednesday 14 June, Citizens Advice published a report, It’s all about location – Will changing the way we price electricity deliver for consumers?, which reflects on the case for implementing locational pricing as a way to reform the current electricity market, and the risks that are to be considered if this pricing method is to be incorporated.