The government has decided to legislate to re-establish a single Great Britain day-ahead clearing price for interconnector-traded electricity in a move that could help recouple the wholesale market with the EU’s. Since Brexit, when the UK had to leave the EU's Internal Electricity Market (IEM), traders have been required to physically book day-ahead capacity on grid interconnectors with neighbouring countries and then participate in power auctions every day to determine the prices of electricity.
Move to smooth recoupling of EU and GB wholesale markets
