Tuesday 20th September
14:00 – 18:00
One Glass Wharf
In the Net Zero Strategy, the UK government committed to assessing whether broader reforms to electricity market and policies were required to deliver the decarbonisation and expansion of the electricity sector to enable us to meet our net zero commitment.
In July, we hosted the Unpacking the Review of Electricity Market Arrangements webinar, where we explored the questions, risks and opportunities that REMA plans to identify, whether reform of the market could form the basis of a ‘new deal’ between the energy industry and consumer to deliver net zero at lowest cost, and how policy makers can avoid any unintended consequences when considering the system as a whole.
The Department for Business, Energy and Industrial Strategy (BEIS) has since set out five key future system challenges out to 2035, which are: investment; flexibility; location and networks; operability; and whole system flexibility. The Review of Electricity Market Arrangements (REMA) being carried out by BEIS aims to identify and implement the reforms needed to GB electricity markets, in order to drive the necessary investment in, and efficient operation of a secure, low carbon electricity system by 2035.
The REMA consultation is now live and closes on 10th October, you can see the full consultation here. In this session we heard directly from Polly Roberts (Senior Policy Adviser REMA, BEIS) on their thoughts. We then heard industry response from Simon Gill (Associate, Regen), James Samworth (Partner, Greencoat Capital) and Cathy McClay (Director of Trading and Optimisation, Sembcorp)
For any questions or follow up conversations, please contact Emma Madray at email@example.com