Evolution and reform of UK electricity market

Jinqi Liu, Jihong Wang and Joel Cardinal

Renewable and Sustainable Energy Reviews, 2022, vol. 161, issue C

Abstract: Electricity Market is structured to fund reliable electricity supply, meet the need of consumers, ensure the affordability of end-users, and support national economic development. In recent years, to meet challenging emission target set by Government, power system in the UK has a rapid increase of integration with various-scale Renewable Energy Sources (RESs) and Energy Storage Systems (ESSs), which pushes the electricity market reform to accommodate the changes, encourage renewable energy integration, adopt new technologies, stimulate consumers participation, and ensure the power system resilience. The paper reviews the history of UK electricity market evolution, driving factors of reform, and the trend of current electricity market reform. In history, the UK electricity wholesale market has experienced three significant reform stages, which are introducing the Electricity Pool of England & Wales (the Pool) in the 1980s, implementing the New Electricity Trading Arrangements (NETA) in the 2000s, and performing the Electricity Market Reform (EMR) in 2013. To address the new emerging challenges in decarbonising power generation, the paper explains and analyses on-going electricity market changes and the trend for future electricity market reform.

Keywords: Electricity market; United Kingdom; Reform; Decarbonisation; Distribution system operator (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032122002313
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:161:y:2022:i:c:s1364032122002313

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2022.112317

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().