Electricity: Price Caps

Department for Business, Energy and Industrial Strategy written question – answered on 20th September 2022.

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Photo of David Jones David Jones Conservative, Clwyd West

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of implementing a national pricing structure for the supply of electricity.

Photo of Graham Stuart Graham Stuart Minister of State (Minister for Climate)

The British wholesale electricity market currently has a national pricing structure.

The Government is considering reforms to wholesale electricity pricing under the Review of Electricity Markets Arrangement (REMA). The recently published REMA consultation sets out the Government’s initial considerations on zonal and nodal pricing, which are two potential alternatives to national pricing under consideration.

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