Electricity Market Review 2024-02-27
2024-02-27
TAGS
Response quality
Questions & Answers
Q1
Direct Answer
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Context
There is an ongoing review of the GB electricity market arrangements.
When does the government plan to publish the second consultation on the review of electricity market arrangements?
The Government plan to publish the second consultation imminently. It will set out a clear direction on how the GB electricity market arrangements will evolve to keep electricity bills as low as possible for consumers of all types.
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Assessment & feedback
Response accuracy
Q2
Partial Answer
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Context
Residents in areas with significant renewable production are asking about the benefits of hosting such infrastructure.
When will we see cheaper electricity from renewables, and when will people in areas with a lot of renewable production benefit from lower prices due to hosting that infrastructure?
The Government are moving on from our inheritance of less than 7% renewables, now up to over 40%. Every day we add to that displaces gas and lowers bills for people. We already have solar, onshore wind developers providing benefits to consumers.
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Assessment & feedback
Timelines and specific plans for price reductions in areas hosting renewable infrastructure were not provided.
Response accuracy
Q3
Partial Answer
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Context
Homeowners considering switching to a heat pump struggle with accurate information about the benefits and costs.
Will the Minister consider issuing new guidance that makes clear both the costs and the benefits of switching to a heat pump?
It can be a complex matter. The Government have committed to looking at rebalancing system costs across electricity and gas, ensuring people benefit from a heat pump providing warmth and low bills.
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Assessment & feedback
Commitment to issuing new guidance was not explicitly made.
Response accuracy