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.
On Monday 18 July, the UK government opened its consultation on the Review of Electricity Market Arrangements (REMA). Here is the latest update: If you… Read More »Video | REMA update: Review of Electricity Markets Arrangements
With power prices expected to remain high for the foreseeable future and increasing challenges to our energy supply, the energy trilemma – the need to deliver net zero while preserving our security of supply in a way affordable to consumers – is taking centre stage once again.
The Review of Electricity Markets Arrangement (REMA) is a part of the government’s strategy to ensure a more flexible, efficient system for both generators and… Read More »What is REMA and why must investor momentum be protected?