Digital resources from the webinar:
Recording from the seminar:
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About the topic and the speaker
This presentation will look at the REMA proposals by the UK Government and their potential impact on the future of the GB and wider European electricity market.
REMA is a wide ranging review with the aim to (1) deliver a step change in the rate of deployment of low carbon technologies, (2) reduce dependencies on fossil fuelled generation, (3) increase flexibility across the electricity system, (4) assist consumers with improved price signals, whilst (5) ensuring supply security at all times. Sounds like a tall order? It is! If implemented, the REMA proposals will affect anyone participating in British electricity markets, whether that be the wholesale market, the balancing mechanism, ancillary services, the Contract for Difference (CfD) or the capacity market. It will also affect the Dispatchable Power Agreement for power CCUS, the Regulated Asset Base model for large-scale nuclear, and the interconnector cap and floor.
Silke Goldberg, Partner, Herbert Smith Freehills, Associate Professor II, University of Oslo
