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Assessing the costs and benefits of a move to locational marginal pricing in GB

About 1 hour and 30 minutes

About this event

As it currently stands, according to numerous commentators the GB electricity wholesale market is unlikely to deliver efficient outcomes as we move to a Net Zero world. Among the various aspects of reform being considered is a move to ‘Locational Marginal Pricing’. This would involve market prices being set at a locationally granular level. There are many potential benefits and drawbacks associated with such a reform: we have been considering what factors a balanced assessment of a move to LMP in GB needs to consider.

In this webinar, we will present a summary of this work, some early insights from LCP's new nodal pricing model, and then hear from all sides of the debate in a panel discussion.

With us for the discussion will be:

  • Dan Roberts – Frontier Economics
  • Sam Street – Frontier Economics
  • Christoph Riechmann  – Frontier Economics
  • Chris Matson – LCP
  • George Martin – LCP
  • Edward Smith - LCP
  • George Day – Energy Systems Catapult
  • Dena Barasi – Scottish Power Renewables
  • Richard Nourse – Greencoat Capital

Hosted by

  • Guest speaker
    DB G
    Dena Barasi Senior Regulatory Economics Manager @ Scottish Power Renewables

  • Guest speaker
    ES G
    Edward Smith Energy Consultant @ LCP

  • Guest speaker
    LD G
    Luke Davison Manager @ Frontier Economics

  • Guest speaker
    GM G
    George Martin Energy Consultant @ LCP

  • Guest speaker
    DR G
    Dan Roberts Director @ Frontier Economics

  • Guest speaker
    RN G
    Richard Nourse Managing Partner @ Greencoat Capital

  • Guest speaker
    G
    Sam Street Associate Director @ Frontier Economics

  • Guest speaker
    GD G
    George Day Head of Markets, Policy and Regulation @ Energy Systems Catapult

  • Guest speaker
    CR G
    Christoph Riechmann Director @ Frontier Economics Ltd

  • Guest speaker
    CM G
    Chris Matson Partner @ LCP

Frontier Economics

Expert analysis and creative problem-solving - getting to the heart of what matters.

Frontier is an economics consultancy with energy, imagination and flair. Now one of the largest economic consultancies in Europe, we started Frontier Economics in 1999 wanting to do things differently.

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