EMR heralds greater government intervention in UK power
UK Electricity Market Reform, which is set to come into effect in July, will introduce a level of government intervention not seen in the country’s power market since the early 1990s. The impact will be felt by UK power firms and could ripple across Europe. By Stella Farrington
Of all Europe's power markets, the UK has led the way when it comes to market liberalisation. But more recently, the country has been changing tack. This year, the UK electricity sector is set to undergo major structural change, as the government's long-awaited Electricity Market Reform (EMR) comes into effect. First proposed in consultation form as far back as December 2010, EMR is an attempt to
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