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LCP Delta: Market frameworks – key manifesto pledges in the UK General Election 2024

Welcome to LCP Delta’s special instalment of our Market Framework report.

The upcoming UK general election on 4 July 2024 will represent a turning point for the power sector. In this report, we have analysed the manifesto commitments of the Labour and Conservative parties, identifying key decisions that are yet to be made, the impacts the proposed changes will make and how they will interact to achieve both existing and new Net Zero targets.

We will carry out further analysis on the detailed power sector plans of the winning party as part of our GB Power Market Outlook report in autumn 2024.

Get in touch if you would like to know more about the full impact that the different policy changes may have on power generators, consumers and the wider economy.

Sam Hollister
Head of Economics
+44 (0)20 7432 3780
sam.hollister@lcp.uk.com

This report is part of LCP Delta Power Insight service
A range of subscription options providing timely expert insight and analysis across power markets

  • Market Forecasts – Power price projections
    Dataset and report with projections of wholesale power prices out to 2050, renewable capture prices, price spreads, generation mix, and bankable revenue curves. (Quarterly)
  • Market Forecasts – non commodity costs
    Provides a five-year forecast of non-commodity charges that represent a significant portion of the energy bill (Quarterly)
  • Market Frameworks
    Expert insights on key news and events in the power and gas markets, covering policy, industry, markets, and regulation
    (Monthly)
  • Market Operations
    Cutting edge wholesale market analysis including asset revenue analysis, fleet summaries, and deep dives into balancing and frequency markets (Monthly)
  • Investment and Commercial insights
    Investment trends and news specific to energy transition, as well as high-level commercial insights into the most significant companies in the power sector in the UK. (Quarterly)

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