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.
Locational Marginal 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.
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.
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.