Government recruits for Head of REMA programme delivery and implementation
On Tuesday 25 October, BEIS issued an advert to hire a Head of REMA programme delivery and implementation.
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Locational Marginal Pricing
Elexon published its consultation response to REMA
On Monday 10 October, Elexon issued its response to the REMA consultation.
Unlocking REMA
Recent challenges have emphasised the recurring importance of the energy trilemma, namely the need to decarbonise the energy system while ensuring energy security and affordability. The government announced its Review of Electricity Market Arrangements (REMA) in April 2022 to address these issues. In July, the government published a consultation paper for REMA, presenting a number of proposed reforms.
Can REMA save the energy market?
The Energy Industry is in danger of losing its licence to operate. Rightly or wrongly, it is being blamed for increases in the wholesale costs of gas and power which are largely beyond its control. Exposure to gas prices is driven by failures to rollout energy efficiency, late delivery of new nuclear and renewables and overexposure to the continent. These factors drive and exacerbate inflation which will likely be responsible for a recession as businesses and households reduce activity and spending in response to rising energy prices.
Industry cautious about REMA, particularly around nodal pricing
With the GB market set to undergo the largest market design shake-up in a generation, Cornwall Insight has surveyed the audiences of two recent webinars to understand what the market thinks about the upcoming reform and some of the options on the table.
Into the Labyrinth: Government publishes REMA consultation
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.