UK Electricity Market Reforms – Cash is King

After much discussion and debate, the Government has come to an agreement on the contents of the Energy Bill to be introduced next week.  This comment, by Malcolm Keay, looks at the implications of the new agreement.  It provides clarity in some areas, for instance on the arrangements for the counter-party for the contracts which will drive the push for low carbon investment.  However, it also suggests continuing tension within the Coalition – no decarbonisation target for 2030 has been set for electricity, and the Government seems keener to restrain the costs of the low carbon transition (and downplay the impact on consumers) than to provide a clear commitment to a long term strategy.

By: Malcolm Keay

Latest Tweets from @OxfordEnergy

  • OIES publishes its new gas quarterly review: With the smallest spread between Gazprom realised price and NBP since… https://t.co/aJMozV6lUe

    June 24th

  • Quarterly Gas Review – Analysis of Prices and Recent Events – Issue 2 https://t.co/075fO46XGN

    June 20th

  • OIES's @thierry_bros quoted in French @RFI on Australia LNG issues: higher domestic gas prices, much lower taxes th… https://t.co/2Dh5GtUZP5

    June 19th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.