ESO’s Net Zero Market Reform project was established in early 2021 to examine holistically the changes to current GB electricity market design that will be required to achieve net zero. By April 2022 the project is expected to deliver recommendations for a preferred high-level package of reforms.

The project has been split into three phases:

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

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 solutions and submit recommendations

Assessment and evaluation of a range of credible market design options against market objectives and success criteria followed by the recommendation of a preferred high-level package of solutions

To achieve market reform, we need to work together across the energy industry. We will be hosting regular events and workshops to give opportunity for stakeholders to provide their input. To find out how you can get involved please contact [email protected] or use the link below to subscribe for updates.

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Key updates

Below you can find core updates from the project so far.

Key updates

Case for change and options assessment framework publication

Market design options workshop

Case for change workshops

Markets forum – Net Zero Market Reform

The road to net zero electricity markets launch