In April 2022, the attention in the market turned to REMA, a welcome opening of a necessary conversation on market reform. The risks here have… Read More »Reform in haste, repent at leisure: squaring electricity market reform with investor confidence
On 18 July, the government opened its consultation on the Review of Electricity Market Arrangements (REMA) in which it aims to identify reforms needed to ensure electricity market design is fit for the purpose of maintaining energy security and affordability for consumers as the electricity sector decarbonises.
Having alluded to the need for electricity market reform in several policy documents over the last few years, and following a commitment made in its April Energy Security Strategy, on 18 July the government published its Reform of Electricity Market Arrangements (REMA) consultation.