Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 58
58
Paragraph: 237
Ensure wholesale electricity market reforms avoid an investment hiatus, protecting the 2035 target.
Recommendation
We agree that the wholesale electricity market arrangements need reform to help decarbonise power in a way that secures supply and ensures the system can function efficiently, including more locational signals. In principle, we find the argument for locational pricing appealing, but we are concerned about its deliverability and its potential impact on investor confidence. The Government must satisfy itself that any reforms it does pursue do not create an investment hiatus, which would put the 2035 target at risk.
Paragraph Reference:
237
Government Response
A response document is linked to this report, dated 14 July 2023. Response attribution to this recommendation has not been verified. Read the response document ↗