Our open letter in response to the ESNZ call for evidence argues that the priority should be maintaining investor confidence, while ensuring that market reform aligns with wider changes to networks, planning and connections. Recent global energy market volatility has also reinforced the importance of rapidly transitioning to a secure, domestically powered, low-carbon electricity system.
Key priorities for reform include:
- Improving system operation and making better use of flexibility
- Reducing constraint costs, which are already significant and growing
- Strengthening locational signals within a national market framework
- Ensuring reforms are coordinated across markets, networks and planning.
Alongside this submission, Regen continues to engage closely with the next phase of reform. We are contributing to NESO’s work on operational and balancing reforms, and will respond to Ofgem’s latest consultation on locational investment signals. These processes are critical to ensuring reforms are practical, joined-up and capable of supporting the pace of change required.
We will be releasing our responses to these in the coming weeks, and will also engage with DESNZ's RNP delivery plan when it's released.
Our focus remains on a programme of progressive market reform, which builds on the strengths of the existing market while addressing inefficiencies to enable a clean power system that works for consumers, investors and the wider economy.
Talk to us
If you’re interested in discussing our work on Reformed National Pricing, please reach out to Andrew Barry, our markets lead, or Johnny Gowdy, our director.
Regen is a membership organisation – we provide our members with regular updates and market insight, and frequently convene diverse voices from across the sector to discuss key issues affecting the energy transition. If you're interested in Regen membership, see our membership page or reach out to Hannah Stanley.
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