Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, with reference to page 13 of her Department's consultation response, Review of electricity market arrangements: summary of responses, published on 7 March 2023, what progress she has made on next steps.
The Review of Electricity Market Arrangements (REMA), first announced in April 2022, is a major review into Britain’s electricity market design that will enhance energy security and help to deliver the UK's world-leading climate targets, whilst ensuring a fair deal for consumers.
The Government plans to publish a second consultation in early 2024, which will consider a narrower range of options for reform and set out a clear direction of travel for how Great Britain's electricity market arrangements will need to evolve in future.
Alongside this consultation, the Government plans to publish an Options Assessment which provides details regarding the analytical frameworks and bespoke analysis that have been produced to support the policy development process.