Alternatives to locational pricing - with Adam Bell
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Description
Locational Marginal Pricing seems to be high on the policy agenda after it featured heavily in the Review of Electricity Market Arrangements released recently by BEIS, Emma and Tom chat with Adam Bell from Stonehaven as they attempt to tease apart the strengths and weaknesses of this approach to market design, and discuss possible alternatives.
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Tom and Emma talk about skip rates - the term used to describe assets not being dispatched in the electricity market, although they're in merit. They discuss how definitions for skip rates differ across stakeholders, and talk about work underway to improve skip rates. Are they a natural part of...
Published 10/30/23
Published 10/30/23
Tom and Emma discuss options for improving locational signals on the electricity system that aren't Locational Marginal Pricing (LMP). Could reforms to network access, network charging, new markets and services send better signals to the market and reduce constraint costs? Could these options be...
Published 09/30/23
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