The wholesale electricity market (like other commodity markets) is based on ‘marginal pricing’. The most expensive generator needed to meet demand sets the price for all generators. This slide deck by DESNZ looks at the options regarding marginal pricing and potential changes to how renewable energy market signals work
It is vital that regulators drive the right kind of growth with their rules. In our latest consultation, we are not in favour of extending the 2015 Deregulation Act Growth Duty to Ofwat and Ofgem. There is a risk, that despite its intentions, the Duty has unintended negative consequences by strengthening industry interests at the expense of consumers, wider society and the environment.
In this End User Challenge Panel DESNZ presents some of the challenges of a more flexible elecrticity market, how to pass through the benefits of a renewable energy system to consumers and how to develop a more resilient, decarbonised system
We hosted our first meeting of the End User Challenge Panel (EUCP) which built upon the work of REMA’s previous End User Forum (February – May 2023), and was remodelled to better fit stakeholders’ needs.
As we approach a new planning period for the water sector, we risk an overreliance on concrete-heavy infrastructure to tackle pollution. Why is it so hard to shift to a more holistic approach for better environmental outcomes? This feature was based on a roundtable we held with stakeholders and first appeared in The Water Report.
In this consultation to the Department of Energy Security and Net Zero (DESNZ) on the community benefit of electricity transmission network infrastructure we argue that greater funding and clarity on how new projects will benefit local communities is vital. We also are weary of a voluntary approach and believe communities must be properly engaged within this process
Associate Martin Hurst cautions against the unintended consequences and missed opportunities arising from the public outcry over storm discharges. This article first appeared in the June 2023 issue of The Water Report: www.thewaterreport.co.uk
Ofgem is exploring alternative models for how it regulates the network companies. We agree that the pace and scale of investment needed in electricity networks means new approaches may be needed. However we are concerned that this sort of radical review risks creating a hiatus when we do not have the time.
There is a received wisdom in orthodox economics and treasury theology that argues against governments ‘picking winners’. The classic example that this is not a good idea would be Concorde – a winner ‘picked’ by the UK and French governments which went massively overbudget, and never succeeded in claiming more than a very small niche market with few commercial spin-offs.
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