Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government what recent assessment they have made of the current operation of the UK energy market; and what plans they have, if any, to propose alternatives to the current operation.
The Government has launched the Review of Electricity Market Arrangements (REMA), following a commitment in the British Energy Security Strategy. The consultation closed on 10th October. REMA is a major review into Britain’s electricity market design, and is considering a broad range of reforms, from changes to existing arrangements that can be delivered from the mid-2020s, to enduring transformational reforms.