THE
It wants to bring so-called "nodal pricing" into the wholesale market, which divides the national network into different nodes, each with their own wholesale electricity price which reflects the cost of supplying electricity at that location.
When coordinated by a system known as a central dispatch,
The proposals raise the possibility of consumers paying different prices for their power up and down the country, though it's not yet clear which areas would face cheaper or more expensive tariffs.
This follows a study from its system operator, National Grid ESO, which outlines the existing wholesale market is contributing to a dramatic rise in constraints and inefficiencies balancing the network.
(c) 2022 City A.M., source