Consultation: Re-coupling Great Britain electricity auctions for cross-border trade
The UK Government (BEIS) is to seek views on the current arrangements for trading electricity on power exchanges in the GB wholesale electricity market and its proposals to support efficient cross-border trading.
The purpose of this consultation is to seek views on the current arrangements for trading electricity on power exchanges in the GB wholesale electricity market and the Government’s proposals to support efficient cross-border trading. This consultation sets out a number of key items in respect of this matter: historical information regarding the GB wholesale electricity market, market arrangements as they applied to power exchanges prior to EU Exit, and how they have changed following EU Exit; the context under which GB electricity market arrangements may need to evolve further, including the requirements of the UK-EU Trade and Cooperation Agreement (TCA), and the inefficiency of current market arrangements as highlighted by market participants and other stakeholders; and proposals for next steps that may be taken to deliver new market arrangements in order to fulfil the requirements of the TCA and resolve issues with current electricity market arrangements in GB.
This consultation closes at 11:45pm on 28 October 2021
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