Locational electricity pricing could save £30bn by 2035

Locational electricity pricing could save £30 billion – or £1,000 per household – by 2035, according to a new study from Energy Systems Catapult and Octopus Energy. The report said the current market arrangements were designed for an energy system dominated by large, centralised generators and “no longer makes sense”, resulting in a “growing tension between the wholesale market and physical reality”.

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