S2E8 | The future of electricity markets in Great Britain with Stephen Woodhouse, Director at AFRY Management Consulting

For the season finale of Fuelling the transition we are joined by Stephen Woodhouse, Director at AFRY Management Consulting. With over twenty years of experience in the energy business, Stephen specialises in changing energy markets, market design and the strategic response of commercial players.

AFRY recently brought together market participants from a range of industry players to look at the proposed market design changes occurring in Great Britain. Initially looking at different aspects of market design and how a move to a centralised locational market could potentially happen, the scope was expanded after the REMA consultation. No longer looking at the formation of prices in the spot market and the extent to which we co-optimise with location systems and ancillary services, the project’s scope broadened. A range of issues from the REMA consultation were explored, including how energy could be traded separately from green energy, the possibility of split markets for these services, and the form of support available for capacity and renewable generation.

Listen to the latest episode as Stephen explores the key messages from the REMA consultation, his view on marginal pricing in electricity markets, and the potential for more flexible demand on the system.

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