Morning, Friday, 22nd November 2024
Online
This conference will examine next steps for electricity market reform (EMR) in the UK.
It is bringing together stakeholders and policymakers to discuss potential changes to electricity market arrangements, including the introduction of a new system of charging for electricity transmission networks, and the development of a new flexibility market asset registration process.
We also expect a focus on the balance of benefits and costs of a central dispatch system compared to the ESO’s balancing mechanism, as well as the possible shift away from a single, national electricity price to a system of locational pricing.
Priorities for innovations in demand response technology will be discussed, as well as the way forward for tackling high prices in times of intermittent renewable generation, and potential regulatory reform to support the development of long duration battery storage systems.
Following the Government’s launch of Great British Energy and the announcement of Planning and Infrastructure Bill, it will also be a timely opportunity to discuss the way forward for policy and implementation with regard to renewable energy projects, as well as development of the publicly-owned GBE and priorities for the newly established Mission Control for Clean Power at DESNZ.
In assessing the way forward, we expect delegates to draw on themes in DESNZ’s second consultation - conducted under the previous government in March 2024 as part of the ongoing Review of Electricity Market Arrangements - with a focus on approved proposals to support Capacity Market auction liquidity.
Sessions in the agenda also include discussion on the evolution of the Contracts for Difference scheme as the primary means of scaling up low carbon power, reforms to the Capacity Market and CfD schemes, EMR’s role in progress towards UK net zero objectives, and priorities for increasing system flexibility and incentivising new asset generation.
We are pleased to be able to include keynote sessions with: Dr John Bower, Commercial and Corporate Finance Adviser, Review of Electricity Market Arrangements, DESNZ; Andrew Deeley, Director, Strategy and Development, Low Carbon Contracts Company; and Tom Luff, Practice Manager, Energy Markets and Policy, Energy Systems Catapult.
The conference will be an opportunity for stakeholders to consider the issues alongside key policy officials who are due to attend from DBT; DESNZ; DSIT; UKIB; DfE; DfE, NI; DECC, ROI; The Scottish Government; and the Welsh Government.
The proceedings of the conference will be circulated more widely, to Parliamentarians, ministerial offices, and government and regulatory officials with an interest in the issues being discussed. All delegates will also receive a video recording of the conference.
