GB wholesale electricity market reform: impacts and opportunities for Scotland
dc.contributor.author
Barnes, Freddie
dc.contributor.author
Bräuer, Fabian
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Tahir, Foaad
dc.date.accessioned
2024-04-26T11:54:59Z
dc.date.available
2024-04-26T11:54:59Z
dc.date.issued
2024-04
dc.description.abstract
This study explores the impact that locational marginal pricing (LMP), as an approach to wholesale electricity market reform, could have in Scotland. LMP is currently being explored as part of the Review of Electricity Market Arrangements (REMA), the UK Government’s consultation on the reforms required to make electricity markets fit for a net zero energy system. REMA’s scope of potential reform is very wide, looking at almost all aspects of electricity markets. As LMP has the potential to significantly impact Scotland’s energy landscape, it is of particular interest.
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dc.identifier.uri
https://hdl.handle.net/1842/41708
dc.identifier.uri
http://dx.doi.org/10.7488/era/4431
dc.identifier.uri
https://www.climatexchange.org.uk/wp-content/uploads/2024/08/CXC-GB-wholesale-electricity-market-reform-impacts-and-opportunities-for-Scotland-August-2024.pdf
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dc.language.iso
en
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dc.publisher
ERM
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dc.rights.embargodate
2024-09-30
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dc.subject
Electricity sector reform
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dc.subject
Just transition
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dc.subject
Locational marginal pricing
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dc.subject
Locational pricing signals
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dc.subject
Renewable energy
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dc.subject
Flexibility incentivisation
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dc.title
GB wholesale electricity market reform: impacts and opportunities for Scotland
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dc.type
Technical Report
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dcterms.accessRights
Restricted Access
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