Close
In association with
25 April 2023

Discussions on REMA: The potential role of Locational Marginal Pricing (LMP) in GB

In association with

Webinar: Tuesday 25 April – 2:00 to 3:00pm

Part of  A Review of Electricity Market Arrangements (REMA)  series.

In July 2022 the Department for Business, Energy and Industrial Strategy (BEIS) published a consultation on the “biggest electricity market reform in a generation” to identify and implement the reforms needed to electricity market arrangements in order to drive the necessary investment in, and efficient operation of, a secure low carbon electricity system by 2035. The consultation highlighted five key future system challenges to 2035, which included: investment, flexibility, location and networks, operability and whole system optimisation.

The initial REMA consultation closed on 10th October 2022 and next steps are expected to be announced in coming months. In the lead up to future announcements BIEE are arranging two expert seminars to explore some of the proposed options for market reform in more depth.

Our first seminar on 25 April will focus on the potential role of Locational Marginal Pricing (LMP) in sharpening locational signals and incentivising supply and demand assets to locate and despatch where they can minimise whole system costs. The seminar will give participants an overview of the LMP concept, discuss how it works elsewhere in the world, along with the potential benefits and dis-benefits of adopting such an approach in GB.

Speakers:

George Day, Energy Systems Catapult

Simon Gill

Frances Warburton, EY

Introduced by:  Dr Robert Gross, Director, UK Energy Research Centre
Chair: Maxine Frerk, Grid Edge Policy

Registration

Please register via the links in the banner at the top of this page. If you are a BIEE Member please sign into your account first to access the member rates.

BIEE Members (individual and corporate) Free
Non-Members £10*

* the ticket price is refundable against the BIEE Membership cost, if you decide to join the BIEE within the next 3 months.

BIEE membership subscriptions start from £10 – you can sign up here and access all member benefits today

Introduced by

Dr Robert Gross

UK Energy Research Centre / Director

Speakers

George Day

Energy Systems Catapult / Senior Advisor – Net Zero Policy

George Day

Energy Systems Catapult / Senior Advisor – Net Zero Policy

George is a senior advisor on Net Zero, energy policy, economics, regulation and governance. He has over 25 years of UK and international experience as a senior civil servant, regulator, consultant and policy advisor in energy, water, environment and agriculture. George led the development of ESC’s portfolio of analysis and thought leadership on Net Zero Carbon Policy, electricity market reform, and heat & buildings decarbonisation from 2017-22. George has acted as an expert advisor for BEIS and the Climate Change Committee advisory panels. He is a council member (formerly chair) of the British Institute of Energy Economics and sits on the UK Energy Research Centre Research Committee. Prior to joining ESC, George was Head of Economic Strategy at the Energy Technologies Institute, and Director of Network Regulation at Ofwat.

Simon Gill

Freelance Energy System Specialist

Simon Gill

Freelance Energy System Specialist

Simon is a freelance energy system specialist with 13 years’ experience in the energy sector. He spent five years with the Scottish Government providing detailed analysis and advice on a range of challenges including the development of electricity and gas networks, decarbonisation of heat and transport, and the role of carbon capture and storage in reaching net zero. He worked closely with Ministers to support delivery of Scotland’s stretching greenhouse gas emissions targets and he helped develop strong collaborations with regulators and the private sector. He was part of the team who wrote the 2017 Scottish Energy Strategy and the 2020 update to the Scottish Climate Change Plan.

Simon has a background in engineering with a particular focus on the power system. Alongside a PhD in electrical engineering he spent ten years based at the University of Strathclyde working with electricity distribution and transmission networks focusing on integrating renewables into the electricity system. He was involved in key innovation projects included the development of Smart Grids on Shetland and Orkney through the NINES project with Scottish and Southern Electricity Networks, the introduction of Active Network Management in southern Scotland through the Accelerating Renewable Connections (ARC) project with SP Energy Networks, and a detailed study into Scotland’s Security of Electricity Supply.

Simon works as a consultant and advisor to a range of public and private sector organisations involved in the energy system through his business The Energy Landscape. He is also an associate with Regen, a centre of energy system expertise whose mission is to transform the world’s energy systems for a zero carbon future.

Frances Warburton

EY / Partner

Frances Warburton

EY / Partner

Frances is a Partner in Economic Advisory at EY, where she leads the Energy & Resources team.  She has 25 years’ experience in the power and utilities sector, and a deep understanding of the transformation needed to deliver the decarbonisation of the energy system.  Frances has a MSc in Economics from the London School of Economics, and a BSc in Engineering Physics from Queen’s University, Canada.  Prior to EY, Frances was the Director for Energy System Management & Security, where she led Ofgem’s work on the decarbonisation of the energy system, including wholesale markets, system operation and network charging arrangements, and the decarbonisation of transport and heat.

Chair

Maxine Frerk

Grid Edge Policy

Maxine Frerk

Grid Edge Policy

Maxine was previously at Ofgem and carried out a range of roles across consumer policy, retail markets and finally as Senior Partner Networks. She is now an independent consultant and thought leader through her company Grid Edge Policy. She is also an Associate with the charity Sustainability First and Chair of the Open Networks Challenge Group, looking at increasing the use of flexibility on the energy system.

Resources

Content for BIEE Members only. Sign in or become a member today.
from £50.00pa

Comments for BIEE Members only.
Sign in or become a member today.

Sign up to our Events Newsletter

To receive email updates about our forthcoming events and news please sign up here.

Sign Up