BEIS unveils ‘biggest electricity market shake up in decades’

The government has said it is “keeping most options on the table” on wholesale market reform, including introducing locational pricing and having separate markets for firm and variable power. Other options to be considered as part of the Review of Electricity Market Arrangements include the evolution of, or alternatives to, the Contracts for Difference and Capacity Market, as well as an obligation on energy suppliers to directly procure green electricity.