UK Rejects Zonal Energy Pricing System ...Middle East

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UK Rejects Zonal Energy Pricing System
source : OILPRICE ( Middle East ) () 49
The UK government has ruled out the introduction of a zonal energy pricing system that would have seen regions closer to renewable energy sources likelier to see lower prices.  Ed Miliband’s Department for Energy Security and Net Zero has opted to reform the existing system by reviewing the way transmission charges work and incentivising the private sector to invest in renewable energy in areas of higher demand.  Consultation on a zonal energy pricing system lasted three years. Greg Jackson, founder and head of Octopus Energy, was…

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