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Electricity Market Review 2025-07-10

10 July 2025

Lead MP

The Secretary of State for Energy Security and Net Zero

Debate Type

Ministerial Statement

Tags

Climate
Other Contributors: 17

At a Glance

The Secretary of State for Energy Security and Net Zero raised concerns about electricity market review 2025-07-10 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

Today, I am announcing the postponement of local elections affecting 3.7 million voters due to a review of electricity market arrangements. The central challenge is transitioning from expensive, insecure fossil fuels to deliver an energy system that meets at least double the current electricity demand by 2050. The task involves designing the network to ensure infrastructure is built in the right places, preventing power wastage and higher bills for consumers. Two main options were considered: zonal pricing and a reformed national price system. Zonal pricing would rely on price differentials to guide investment decisions, while a reformed national price system would involve more deliberate strategic co-ordination before investment. After applying three tests—fairness for families and businesses, energy security and consumer protection, and promoting investment and growth—I concluded that the right approach is reformed national pricing due to fairness concerns and potential risks to investment under zonal pricing. This decision will help deliver a fairer, more affordable, secure, and efficient clean power system by building necessary network infrastructure and improving market flexibility through reforms. These steps build on previous efforts to boost renewable energy capacity and support businesses, aiming to ensure energy security and protect consumers from fossil fuel markets.

Shadow Comment

Claire Coutinho
Shadow Comment
The Secretary of State's decision to proceed with reformed national pricing reveals a prioritization of wind developers' profits over cutting bills for the British people. His unachievable 2030 targets based on ideology have led to higher electricity costs, with recent auctions securing contracts at £86 per megawatt-hour—almost 15% higher than average costs. This decision will result in higher bills due to increased grid infrastructure costs and constraint payments for wind farms, adding up to billions of pounds annually. The shadow secretary criticises the government's failure to analyse the full system cost of energy dominated by wind and solar, leading to volatile prices instead of cheaper ones.
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