ESO’s Net Zero Market Reform programme was established in early 2021 to examine holistically the changes to current GB electricity market design that will be required to achieve net zero.
We are now in Phase 4 of the programme, during which we will continue to share our views on the future direction of market reform, whilst also working closely with BEIS as a trusted strategic partner in the Review of Electricity Market Arrangements (REMA). Please find our recent updates on the programme in the ‘key updates’ section of the webpage below.
The Net Zero Market Reform programme has been split into four phases as follows:
Phase 1– Scoping (completed March 2021)
Analysis of the GB market landscape and review of international case studies. The purpose of this phase was to set out the framework for future phases of work.
Phase 2 – “Case for change” analysis and identification of options (completed November 2021)
Deep dive analysis into current and future market issues, defining market objectives and success criteria with a view to Carbon Budget 6 and net zero, and identification of a long list of market reform options to tackle the issues identified.
Phase 3 – Assess operational elements and share conclusions (completed May 2022)
Evaluation of a range of credible market design options against assessment criteria and sharing of initial findings on the future direction of market reform.
Phase 4 – Assess investment elements and share conclusions with holistic vision for REMA
Continuation of our evaluation of a range of credible market design options against assessment criteria and sharing of findings on the future direction of market reform.
To achieve market reform, we need to work together across the energy industry. We host regular events and workshops to give opportunity for stakeholders to provide their input. If you have any questions or to find out how to get involved please email [email protected]
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