https://www.newpower.info/2024/06/guest-blog-simon-skillings-talks-politics-plans-and-markets-and-the-review-of-electricity-market-arrangements/ Expert information for all those invested in the UK's energy future Fri, 20 Feb 2026 08:08:27 +0000 hourly 1 http://wordpress.org/?v=3.6 https://www.newpower.info/2024/06/guest-blog-simon-skillings-talks-politics-plans-and-markets-and-the-review-of-electricity-market-arrangements/#comment-96334 David Porter Tue, 18 Jun 2024 05:33:06 +0000 http://www.newpower.info/?p=13303#comment-96334 A thoughtful piece, as always, Simon. The electricity ‘market’ means something very different from what we understood in the 1990s, but the fundamental reasons for having one (or more) have not changed. Some four or five years ago, the thinking seemed to be that one strand of the trilemma (didn’t you introduce that word to the debate?), namely prices, was no longer an issue – we had moved on from the trilemma and emissions and security were overwhelmingly important. But, that was naive. Whatever the outcome on 4 July 2024, money will be tight and incidentally, political pressure on costs will probably result in distortions and un-planned outcomes. The electricity sector should be prepared for that. It will have to keep down costs and demonstrate cost-effectiveness. Market mechanisms which are transparent and understandable would help.

]]>