The Department for Business, Energy and Industrial Strategy has published their wide-reaching review of all electricity market arrangements which seeks to ensure that our power markets are fit for purpose over the period to 2035 and beyond.
Ross Easton, Director of External Affairs at Energy Networks Association, which represents the UK and Ireland’s energy networks businesses, said:
“As we move to an energy system where there is a greater partnership with consumers it is critical we ensure they are properly protected and rewarded while we deliver Net Zero. Doing so needs this sort of holistic market review. We’re working closely with the government to make sure these reforms help and not hinder the markets of a Net Zero future, like our world-leading flexibility markets, and can deliver investment in the infrastructure of tomorrow."
Notes to editor
- The Department for Business, Energy and Industrial Strategy has published their review of electricity market arrangements
- Figures published by Energy Networks Association show that in the past 12 months 3.7GW of distribution network flexibility has been tendered, an increase of 31% since last year, and a 76% increase since 2020
- Network costs, including electricity and gas distribution and transmission, have remained largely flat since 2015 and, relative to the increasing wholesale price, have fallen as a percentage of the overall bill when the cost of the supply market failure is removed.
About Energy Networks Association
Energy Networks Association (ENA) is the industry body representing the electricity wires, gas pipes and energy system in the UK and Ireland.
ENA helps its members meet the challenge of delivering electricity and gas to communities across the UK and Ireland safely, sustainably and reliably.
Its members include every major electricity and gas network operator in the UK and Ireland, independent operators, National Grid ESO which operates the electricity system in Great Britain and National Gas which operates the gas system in Great Britain. Its affiliate membership also includes companies with an interest in energy, including Heathrow Airport and Network Rail.
What are energy network operators?
Energy network operators manage and maintain the wires, pipes and other infrastructure which delivers electricity and gas to your home, business and community. They are private companies which are regulated by Ofgem and employ around 40,000 people in Great Britain.