On 5 March 2024, the Energy Security and Net Zero Committee launched an inquiry into the economics of the energy sector exploring the government’s approach to regulation, any barriers to reform, and whether enough resources are going into putting the right long-term energy policies in place.

The Committee sought responses to the following questions:

• What should be the underlying principles of the UK energy market?
• Can Government deliver radical reform in the UK energy market?
• Is the Review of Electricity Market Arrangements likely to deliver the necessary changes to the energy sector?
• What are the major benefits that the UK should be seeking to deliver from energy market reform?
• What are the chief barriers to reform of the energy market and is the Government serious about addressing those?
• Is it possible to ensure that consumers are insulated from market failures in the energy sector?

You can read Energy Systems Catapult’s response to the inquiry below.