2 February | Online

Recent extreme price spikes for the GB power market have triggered key discussions over whether the time has come for a shift in the way that electricity generation is traded and priced.

Join analysts Jonathan Sims and Sam Clissold for the chance to ask your questions on their latest report “Marginal Call – GB’s market design for a low-cost and clean electricity future”. This note provides a high-level assessment of the options available to the UK government for long-term power market design.

The report authors will present findings, having modelled the impact on wholesale power prices of a potential market split that would see output from variable renewable technologies priced separately from that produced from dispatchable sources.

• Has the time come for a shift in the way that electricity generation is priced in the UK? 
• How effective would a “market split” design be at pulling wholesale power costs lower? 
• What must be done to protect the electricity market from global gas market volatility? 
•  How can policy makers tackle these issues whilst minimising market disruption with the country’s 2035 deadline for electricity sector decarbonisation in mind? 

A panel discussion with market and policy experts will follow the presentation, with an opportunity to pose your questions to speakers.

Panellists:

• Christian Redl – Senior Associate: European Energy Coordination at Agora Energiewende
• Ben Shafran – Head of Markets, Policy & Regulation at Energy Systems Catapult
• Rob Mangan – Policy Lead: Department for Business, Energy and Industrial Strategy (BEIS)

Moderated by Gabriela Herculano, Co-Founder & Chief Executive Officer of  iClima Earth.