Electricity: Price Caps

(asked on 2nd September 2022) - View Source

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.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 20th September 2022

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.

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