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 clear from BEIS in the consultation document, with much emphasis on security of supply, as well as delivering enduring arrangements for a net zero electricity system by 2035.
More reactions from Cornwall Insight on REMA will follow this week for subscribers including a podcast which is available to everyone here.