2024-05-30
http://w3.windfair.net/wind-energy/news/45210-renewableuk-energy-market-investor-consumer-market-trade-association-government-uk-electricity

Review of energy market would create uncertainty, UK associations warn

Image: PixabayImage: Pixabay
The plans, called “‘Locational Marginal Pricing”, are being considered by Government and energy regulator Ofgem as part of a wide-ranging review of the electricity market.

Official Press Release (RenewableUK, Scottish Renewables, Solar Energy UK media release:

Radical shake up of the energy market would create huge uncertainty for renewable energy investors

Wind Industry Profile of
Radical shake up of the energy market would create huge uncertainty for renewable energy investors

The cost of electricity will inevitably rise for consumers if plans for a drastic overhaul of the market go ahead, say three major trade associations representing over 800 renewable energy companies.

The plans, called “‘Locational Marginal Pricing”, are being considered by Government and energy regulator Ofgem as part of a wide-ranging review of the electricity market. The scheme would mean that the wholesale price of electricity would vary across Great Britain. The country would be split up into different regions, or even into hundreds of different zones based on post codes. Prices would be based on local supply and demand, as well as how close power stations are to consumers. However, some analysts say the scheme could increase the cost of reaching... ... More: Official Press Release (RenewableUK, Scottish Renewables, Solar Energy UK media release

Keywords:
RenewableUK, energy market, investor, consumer, market, trade association, government, UK, electricity







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