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Evolution and reform of UK electricity market
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Liu, Jinqi, Wang, Jihong and Cardinal, Joel (2022) Evolution and reform of UK electricity market. Renewable and Sustainable Energy Reviews , 161 . 112317. doi:10.1016/j.rser.2022.112317 ISSN 1364-0321.
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Official URL: https://doi.org/10.1016/j.rser.2022.112317
Abstract
Electricity Market is structured to fund reliable electricity supply, meet the need of consumers, ensure the affordability of end-users, and support national economic development. In recent years, to meet challenging emission target set by Government, power system in the UK has a rapid increase of integration with various-scale Renewable Energy Sources (RESs) and energy storage systems (ESSs), which pushes the electricity market reform to accommodate the changes, encourage renewable energy integration, adopt new technologies, stimulate consumers participation, and ensure the power system resilience. The paper reviews the history of UK electricity market evolution, driving factors of reform, and the trend of current electricity market reform. In history, the UK electricity wholesale market has experienced three significant reform stages, which are introducing the Electricity Pool of England & Wales (the Pool) in the 1980s, implementing the New Electricity Trading Arrangements (NETA) in the 2000s, and performing the Electricity Market Reform (EMR) in 2013. To address the new emerging challenges in decarbonising power generation, the paper explains and analyses on-going electricity market changes and the trend for future electricity market reform.
Item Type: | Journal Article | |||||||||||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor T Technology > TK Electrical engineering. Electronics Nuclear engineering |
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Divisions: | Faculty of Science, Engineering and Medicine > Engineering > Engineering | |||||||||||||||
Library of Congress Subject Headings (LCSH): | Energy policy -- Great Britain, Electric utilities -- Great Britain, Clean energy industries -- Great Britain | |||||||||||||||
Journal or Publication Title: | Renewable and Sustainable Energy Reviews | |||||||||||||||
Publisher: | Pergamon | |||||||||||||||
ISSN: | 1364-0321 | |||||||||||||||
Official Date: | June 2022 | |||||||||||||||
Dates: |
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Volume: | 161 | |||||||||||||||
Article Number: | 112317 | |||||||||||||||
DOI: | 10.1016/j.rser.2022.112317 | |||||||||||||||
Status: | Peer Reviewed | |||||||||||||||
Publication Status: | Published | |||||||||||||||
Access rights to Published version: | Open Access (Creative Commons) | |||||||||||||||
Date of first compliant deposit: | 3 March 2022 | |||||||||||||||
Date of first compliant Open Access: | 12 April 2022 | |||||||||||||||
RIOXX Funder/Project Grant: |
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