With the GB market set to undergo the largest market design shake-up in a generation, Cornwall Insight has surveyed the audiences of two recent webinars to understand what the market thinks about the upcoming reform and some of the options on the table.
There’s a lot of debate on what might be done outside the energy market to relieve consumer bills. We don’t have much to add there, but we have been thinking and chatting around the place about whether temporary fixes could be made to the wholesale market design that would result in lower prices for consumers (and thus less pressure for external political intervention)
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.
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.
On Monday 18 July, the UK government opened its consultation on the Review of Electricity Market Arrangements (REMA). Here is the latest update: If you… Read More »Video | REMA update: Review of Electricity Markets Arrangements
The Review of Electricity Markets Arrangement (REMA) is a part of the government’s strategy to ensure a more flexible, efficient system for both generators and… Read More »What is REMA and why must investor momentum be protected?