UK Energy Regulator Backs Controversial Zonal Pricing Idea ...Middle East

The UK energy market regulator Ofgem favors the idea of introducing zonal pricing in Britain as the best way to move forward, Ofgem chief executive Jonathan Brearley told Montel News’ Plugged In podcast on Friday, weighing in on one of the most controversial power market reforms considered in the country. The UK government is considering the so-called zonal pricing for electricity prices in Britain to replace a nationwide pricing system. Under the proposed reform, zonal pricing would essentially split the electricity market into several geographical…

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