Great Britain’s electricity markets need wide-ranging reforms in order to sustain the country’s transition to renewable energy resources. That’s according to the electricity system operator National Grid ESO’s latest report, which has looked into the new “peaks and troughs” thrown up by the UK’s clean energy transition. Electricity markets “need reforming”, it said, “whether they are for short term trading or longer-term contracts, to provide the flexibility needed to more effectively balance the system”. Laura Sandys, co-chair of the National Grid ESO’s Bridging the Gap project, said that this year’s report will focus on data and digitalisation, technology assets and electricity markets as three key pillars of the sector that will need greater support over the next decade, based on feedback from National Grid’s stakeholders.
Current 5th March 2021 read more »