A cost benefit assessment of locational pricing systems in Britain has found that implementing a nodal pricing system could deliver up to £51 billion in consumer savings, but benefits face regional disparities.
“I think we have created skewed distribution,” said Domenico Tripodi, partner at the investment company, AIP Management, speaking at the Renewable Energy Revenues Summit 2023 (RER).
At two o’clock today (28 March) members of the energy sector sat down to consider what they hope to be included in the UK Government’s ‘Green Day’ announcement tomorrow to ensure that the UK remains a key player in the race to net zero.
Feedback from the energy sector regarding the review of energy market arrangements (REMA) consultation summary has been largely positive but the UK’s future market framework remains obscure.
Changing to a zonal pricing market could bring down energy bills for consumers in Scotland substantially, but there are concerns about its impact on investment.
2022 has been a year marked by volatility. From politics to power prices, challenges — and opportunities — have been thrown at the clean energy sector in Britain and beyond.
A new study conducted by Energy Systems Catapult demonstrates that replacing the UK’s current national approach to wholesale power prices with a localised model “could be the foundation of a net zero system”.
