MPs are to examine how the structure of the energy sector might be reformed to encourage greater decarbonisation, keep prices affordable for customers and maintain a secure and reliable supply.
With the Government committed to decarbonising electricity by 2035, the Energy Security and Net Zero Committee inquiry will look at its approach to regulation, any barriers to reform and whether enough resources are going into putting the right long-term energy policies are in place.
The Government has published a summary of responses to its 2022 Review of Electricity Market Arrangements consultation, which ruled out several options for reform. The inquiry will consider whether the review is likely to deliver the changes needed to the energy sector. It will also look at how best to ensure consumers are protected from market failures.
The Committee is inviting submissions by 5pm Friday April 19th based on the following questions:
1. What should be the underlying principles of the UK energy market?
2. Can Government deliver radical reform in the UK energy market?
3. Is the Review of Electricity Market Arrangements likely to deliver the necessary changes to the energy sector?
4. What are the major benefits that the UK should be seeking to deliver from energy market reform?
5. What are the chief barriers to reform of the energy market and is the Government serious about addressing those?
6. Is it possible to ensure that consumers are insulated from market failures in the energy sector?
More information will be sent before the event.
Teodora Kaneva
Teodora’s rich background varies from working in business development for a renewable energy lobbying association in Brussels to the fast moving technology innovation startup scene in the UK.
