This study on the reform of electricity market arrangements in Great Britain finds that a move to locational pricing in the UK electricity market would be high risk for little reward. The electricity market arrangements in Great Britain are under review as we aim for delivery of a net zero power system by 2035. There is a strong case for change from existing market arrangements, but significant debate over the nature and extent of that change. One of the most divisive topics is whether the current national wholesale energy market should be subdivided into zones or nodes, in which energy […]