UK power reforms set to make prices lower and more volatile

UK power market in for a rocky ride, say experts

Imminent reforms to the UK power market are likely to make prices lower and more volatile in future, say experts, who warn that market participants are currently ill-equipped to handle the changes.

Set to come into effect later this year, the UK government’s Electricity Market Reform (EMR) includes a package of measures aimed at addressing thinning reserve margins, tough green energy targets and the challenge of keeping the country’s power supply affordable. It includes the use of contracts-for-