The electricity market reforms mooted as alternatives to locational power pricing are “significantly second best or fail to solve the problem altogether,” according to a senior figure at Octopus Energy. Rachel Fletcher, the company’s director of regulation and economics, said the electricity market is “broken” and requires fundamental change “sooner rather than later.” She made the comments after sources told Utility Week that government officials have taken nodal pricing “off the table”.
Alternatives to locational pricing ‘fail to solve the problem’
