The UK is at a pivotal point in determining its energy future. With renewables inexorably rising in the power trading mix, it is vital that the UK remains able to deliver efficient and cost-effective energy to consumers. Can current UK policy commitments for short term wholesale markets really achieve that objective?
The UK Department for Energy Security and Net Zero (DESNZ) intends to introduce legislation which would recouple GB’s two separate day-ahead markets into one - calling this a ‘no-regrets’ solution to progressing development of cross-border arrangements and fulfilling EU-UK Trade and Cooperation Agreement (TCA) obligations.
But recoupling only the UK's day-ahead markets, without also simultaneously coupling intraday, is an awfully long way from ‘no regrets’.
Find out why, here.