Electricity: Trade Competitiveness

(asked on 12th April 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether her Department has made an assessment of the potential impact of recoupling the GB and EU day-ahead electricity markets without recoupling the intraday markets on the competitiveness of wholesale electricity markets.


Answered by
Andrew Bowie Portrait
Andrew Bowie
Shadow Minister (Energy Security and Net Zero)
This question was answered on 18th April 2024

In 2021, HMG consulted on current arrangements for trading electricity on power exchanges in the GB wholesale electricity market and outlined proposals to support efficient cross-border trading. That consultation focused on day-ahead trading but also sought views on the intraday timeframe.

HMG’s consultation response outlined the intention to legislate to achieve a single GB clearing price in the day-ahead timeframe, subject to engagement with the UK-EU Specialised Committee on Energy, industry and stakeholders to ensure HMG is well placed to make a final decision on progressing legislation. HMG confirmed development of efficient arrangements in other timeframes should remain under review.

https://www.gov.uk/government/consultations/re-coupling-great-britain-electricity-auctions-for-cross-border-trade

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