Responding to to the Government’s decision on REMA, Dhara Vyas, chief executive at Energy UK, said:
“The Review of the Electricity Market Arrangements (REMA) has been a long journey. After three years of deliberation, it’s right that the Government has made a clear decision.
“Ensuring that our electricity market can evolve in line with the rapid transition to clean power is a sensible approach.
“The reality is that our electricity market arrangements are rarely static. In recent years, we’ve seen substantial reform to key mechanisms such as the Contracts for Difference, Capacity Market, and Ancillary Markets. These reforms, however, have not always aligned with a clear, strategic vision for the future of the energy sector.
“Following the decision about the future of the REMA programme, the Government can finally move forward with a set of coherent reforms which align our electricity markets with the transition to clean power.
“The priority now is to ensure a reformed national market delivers an efficient and investable energy system that can provide best value to customers.”