No easy answers in GB electricity market reform
A recent study by AFRY finds that while there is a case for change related to the challenges of operating and optimising a fully decarbonised power sector by 2035, the possible benefits of improved operational efficiency from revised market arrangements have to be weighed against potential increases in investment risk.AFRY has qualitatively assessed four options for revised market arrangements in response to the 2nd Review of Electricity Market Arrangements (REMA) consultation. The study found that, while a move to a market with varying prices in different zones could be the best option in