On Monday 30 October, Energy Systems Catapult (ESC) published a report on its assessment of locational wholesale electricity market design options in GB.
Locational Marginal Pricing
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.
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.
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.
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.
62% of respondents think there is a 2 in 5 chance the GB electricity system will be decarbonised by 2035
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.