Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 59
59
Provide a clear pathway on wholesale market arrangements evolution by Government before end 2023.
Recommendation
We recommend that the Government provides before the end of 2023 a clear pathway on how wholesale market arrangements will evolve following its consultation. There are a number of constructive steps that the Government could make to the existing market structure in the near term, which would help it to provide more effective signals on the type of low-carbon technologies and services the UK needs to decarbonise power. The optimal degree of locational granularity should weigh the benefits against the level of market disruption, and whether other mechanisms can achieve similar outcomes, within investment timeframes. Comprehensive impact assessments should be published in due course. (Paragraph 238) The role of institutions
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 ↗