Energy Systems Catapult published a new study, demonstrating how reforming the British electricity market so that wholesale prices reflect local supply and demand conditions, could be the foundation of a net zero system.
Our online training course, ‘Net Zero Transition: Future of Electricity Markets’ was last held on 15 – 17 November. We asked delegates their thoughts on aspects of the future for the GB electricity market, and show the results of these polls.
On 13 October 2022, we hosted the latest instalment of our ‘Financing Net Zero’ webinar series. The session, sponsored by Shoosmiths, focused on opportunities and challenges for merchant financed renewable projects amid the current wholesale price volatility.
On Tuesday 25 October, BEIS issued an advert to hire a Head of REMA programme delivery and implementation.
On Monday 10 October, Elexon issued its response to the REMA consultation.
Recent challenges have emphasised the recurring importance of the energy trilemma, namely the need to decarbonise the energy system while ensuring energy security and affordability. The government announced its Review of Electricity Market Arrangements (REMA) in April 2022 to address these issues. In July, the government published a consultation paper for REMA, presenting a number of proposed reforms.