Re-coupling GB electricity auctions for cross-border trade

Overview

The purpose of this consultation is to seek views on the current arrangements for trading electricity on power exchanges in the GB wholesale electricity market and our proposals to support efficient cross-border trading. This consultation sets out a number of key items in respect of this matter:

• historical information regarding the GB wholesale electricity market, market arrangements as they applied to power exchanges prior to EU Exit, and how they have changed following EU Exit;
• the context under which GB electricity market arrangements may need to evolve further, including the requirements of the UK-EU Trade and Cooperation Agreement (TCA), and the inefficiency of current market arrangements as highlighted by market participants and other stakeholders; and
• proposals for next steps that may be taken to deliver new market arrangements in order to fulfil the requirements of the TCA and resolve issues with current electricity market arrangements in GB.

We have extended the consultation deadline to Wednesday 3 November to allow more time for responses given capacity pressures within organisations.