A new package of tariffs offered by E.ON Next signals the UK energy market is beginning to draw closer to normal, granting consumers a greater variety of options from energy providers.
Today, Thursday 30 March, the government has unveiled its "ambitious plans to scale up affordable, clean, homegrown power and build thriving green industries" in what has been dubbed as the UK’s ‘Green Day’.
Feedback from the energy sector regarding the review of energy market arrangements (REMA) consultation summary has been largely positive but the UK’s future market framework remains obscure.
An independent review based on research by the University of Strathclyde has advised caution on Britain ‘rushing’ into a major wholesale electricity market reform based on locational marginal pricing (LMP).
Research by Cornwall Insight into Britain’s power market out to 2030 has shown that energy prices will remain greater than £100/MWh annually, with highs of £150/MWh in winter 2025 due to delays to the Hinkley Point C nuclear power plant, increasing high-cost peaking capacity and nuclear power station closures.
Ofgem has moved to protect consumers from the cost of supplier failures, with the potential introduction of capital adequacy requirements and renewable obligation (RO) receipts.
From the beginning of the wholesale gas crisis to the end of the newly extended Energy Price Guarantee initiative, gas will have added £4,400 to the average household’s energy bill, according to the Energy and Climate Intelligence Unit (ECIU).
