In November 2023, the Electricity System Operator (ESO) published its assessment and conclusions of Phase 4 of its Net Zero Market Reform (NZMR) programme.
On Tuesday 28 November, the Environmental Audit Committee (EAC) published a new report, The financial sector and the UK’s net zero transition.
On Thursday 16 November, DESNZ published a consultation on its proposal to introduce a Contracts for Difference (CfD) Sustainable Industry Reward (SIR) from Allocation Round 7 (AR7) onwards. It noted that following feedback to its April 2023 call for evidence on the potential introduction of non-price factors into the CfD auction, it has decided to put forward more refined ideas for consultation and that going forward non-price factors will be referred to as the CfD SIR.
On Thursday 16 November, DESNZ announced that the maximum strike price has been increased by 66% for offshore wind projects, from £44/MWh to £73/MWh, and by 52% for floating offshore wind projects, from £116/MWh to £176/MWh ahead of Allocation Round 6 (AR6) of the Contracts for Difference (CfD) scheme next year.
On Wednesday 15 November, Ofgem published its decision on the future of local energy institutions and governance. Ofgem’s decision aims to reform local governance arrangements such as energy system planning, and includes the introduction of regional energy strategic planners (RESPs) to ensure there is appropriate accountability and effective coordination for strategic planning on a regional level.
On Monday 30 October, Energy Systems Catapult (ESC) published a report on its assessment of locational wholesale electricity market design options in GB.