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United Kingdom

UK energy law update: REMA consultation, Ofgem charging reforms, CfD AR6 and SIRs, CBAM, RO amendments, EII support, heat networks, key trackers and deadlines

Published on: 28 March 2024

Published by a LexisNexis Energy expert
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In this issue:

  • Electricity and gas market regulation and licensing
  • Renewable energy
  • Oil and gas
  • Air emissions, efficiency, and climate change
  • International energy
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Electricity and gas market regulation and licensing

REMAking the GB Electricity Market—new consultation published

On 12 March 2024, the Department for Energy Security and Net Zero (DESNZ) published the long‑awaited second consultation on reforms to the GB electricity market under the Review of Electricity Market Arrangements (‘REMA’) (the ‘Consultation’). It follows the first consultation (the ‘First REMA Consultation’) issued in July 2022 (see LNB News 19/07/2022 28). The summary of responses to the First REMA Consultation showed broad agreement on the need for market reform, but little clarity on which options should deliver change. Headline themes in this Consultation include zonal pricing and a focus on unabated gas generation. Set out below are the four principal challenges DESNZ seeks to address, alongside key considerations for industry participants...

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