Source · Select Committees · Science and Technology Committee
Recommendation 62
62
Paragraph: 174
The Committee welcomes the Review of Electricity Market Arrangements, although we note with concern that...
Conclusion
The Committee welcomes the Review of Electricity Market Arrangements, although we note with concern that the second consultation, outlining initial reforms, is overdue from an original deadline of 2023. Variable electricity pricing, including pricing that varies by location, could help incentivise industry and energy storage to build in optimal locations and make use of energy at optimal times. However, we also heard that uncertainty around price forecasts due to discussions around introducing locational pricing can delay investment decisions.
Paragraph Reference:
174
Government Response
A response document is linked to this report, dated 16 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗