Trade associations RenewableUK, Scottish Renewables and Solar Energy UK have warned that a radical shift in UK energy market design would increase the cost of electricity. The groups believe that an outcome of the Review of Electricity Market Arrangements (REMA) which recommended ‘Locational Marginal Pricing’ would “inevitably” lead to higher prices for consumers. The plans are being considered by the government and energy regulator Ofgem, and would mean that the wholesale price of electricity would vary across Great Britain. This … read more »
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