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Review of the Electricity Market Arrangements
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Press Releases
Cornwall Insight’s response to the publication of the REMA consultation summary
The government has today published the summary of responses received from its Review of Electricity Market Arrangements (REMA) consultation. The responses received showed the industry has expressed strong support (92% agreement) for energy market reform that prioritises decarbonisation, security of supply, and cost-effectiveness. Respondents also agreed that the current market...
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Press Releases
Cornwall Insight’s reaction to the BEIS consultation on the Review of Electricity Market Arrangements
Gareth Miller, Chief Executive at Cornwall Insight said: “Confirming the Review of Electricity Market Arrangements (REMA) opens the prospect of a complete overhaul of the electricity market in Great Britain, for the first time in over 20 years. The scope is very wide, and the perceived need for reform from...
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Press Releases
Two thirds of energy industry professionals think the market needs to be drastically reformed, but say locational pricing is not the answer
A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, by Cornwall Insight, from the attendees of its Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market needs to be...
