Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of implementing a national pricing structure for the supply of electricity.
The British wholesale electricity market currently has a national pricing structure.
The Government is considering reforms to wholesale electricity pricing under the Review of Electricity Markets Arrangement (REMA). The recently published REMA consultation sets out the Government’s initial considerations on zonal and nodal pricing, which are two potential alternatives to national pricing under consideration.