Electricity Market Design for a Low-Carbon Future

01 Oct 2010

This Working Paper considers the GB electricity market and network regulatory arrangements in the context of transitioning to a low-carbon electricity system. By considering some of the primary features of a low-carbon electricity system, the paper attempts to identify what characteristics an appropriate market and regulatory framework would need to posses. The paper goes on to consider how existing market arrangements perform in these areas and the possible need for change.