Wholesale market reform vital to meet 2035 green grid goal

The government will be unable to achieve its goal of decarbonising the electricity sector by 2035 unless it pushes ahead with reform of the wholesale market, an influential think tank has argued. In a new report, the centre-right think tank Onward warned that if the government’s fails to follow through on the Review of Electricity Markets Arrangements recently unveiled in the British Energy Security Strategy, the UK will miss its targets for the deployment of offshore wind farms and nuclear power stations, leaving customers exposed to international gas prices for longer.