Jurisdiction(s):
United Kingdom

REMA and GB electricity market reform: 2022–2026 policy trajectory, Reformed National Pricing decision, and legal/commercial implications for PPAs, balancing, settlement and locational charges

Published by a LexisNexis Energy expert

Practice notes

What is REMA?

In July 2022, the now-defunct Department for Business, Energy and Industrial Strategy (BEIS)—whose energy remit has since moved to the Department for Energy Security and Net Zero (DESNZ)—issued a consultation titled Review of Electricity Market Arrangements (2022 REMA Consultation), thereby commencing the Review of Electricity Market Arrangements (REMA). Great Britain’s current electricity market design was put in place to support centralised, fossil fuel-based generation. REMA seeks to pinpoint the changes required to deliver a decarbonised, cost effective and reliable power system by 2035, while safeguarding security of supply, by tackling existing market imperfections and constraints that obstruct this shift. As set out in the 2022 REMA Consultation, the initial remit is expansive, examining potential reforms across all wholesale electricity-related markets and any technologies that do, or could, take part in electricity markets. This spans improving present mechanisms—such as reshaping the Capacity Market to better back renewables—as well as exploring fresh models, including introducing locational pricing in the wholesale market and creating distribution-level markets. It therefore looks across pricing, capacity and participation signals, considering how these can be reshaped to accelerate decarbonisation at least cost, whilst preserving security of energy supply within the evolving electricity system and related markets...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...