Electricity: Standing Charges

(asked on 13th December 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if his Department will review the system which calculates the daily electricity unit price.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 22nd December 2022

The Government has launched the Review of Electricity Market Arrangements (REMA), following a commitment in the British Energy Security Strategy. The recent consultation closed on 10th October and sets out our thinking so far. REMA is a major review into Britain’s electricity market design, which at present operates on the principle of marginal pricing, where the price of electricity is set by the last technology needed to meet overall electricity demand across Great Britain. The Government is considering a range of wholesale market reforms that could help to reduce the link between the gas and electricity price.

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