Written question asked by Lord Whitehead (Labour) on Friday, 12 April 2024, in the House of Commons. It was due for an answer on Thursday, 18 April 2024 (named day). It was answered by Andrew Bowie (Conservative) on Thursday, 18 April 2024 on behalf of the Department for Energy Security and Net Zero.
Electricity: Trade Competitiveness
- Question
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To ask the Secretary of State for Energy Security and Net Zero, whether her Department has made an assessment of the potential impact of recoupling the GB and EU day-ahead electricity markets without recoupling the intraday markets on the competitiveness of wholesale electricity markets.
- Answer
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In 2021, HMG consulted on current arrangements for trading electricity on power exchanges in the GB wholesale electricity market and outlined proposals to support efficient cross-border trading. That consultation focused on day-ahead trading but also sought views on the intraday timeframe.
HMG’s consultation response outlined the intention to legislate to achieve a single GB clearing price in the day-ahead timeframe, subject to engagement with the UK-EU Specialised Committee on Energy, industry and stakeholders to ensure HMG is well placed to make a final decision on progressing legislation. HMG confirmed development of efficient arrangements in other timeframes should remain under review.
Secondary information
- Type
- Written question
- Reference
- 20832
- Session
- 2023-24
- Subjects
- Electricity Trade competitiveness
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-18 11:13:57 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/20832
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/20832
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2023-24/20832