Reformed National Pricing: Insights on UK Electricity Market Reform - Briefing Paper

Abstract:

This project explores how industry, policymakers and researchers understand the Government's proposed Reformed National Pricing model following the Review of Electricity Market Arrangements decision.

To understand how major stakeholders are considering these future changes, the UCL Centre for Net Zero Market Design and the UK Energy Research Centre (UKERC) co-convened a workshop to understand stakeholders' perspectives and opinions on RNP.

Bringing together 65 senior leaders from industry, policymaking, and academia, the full-day workshop held on November 13, 2025 at the University of London's Senate House reflected on the implications of retaining a single national electricity price. The workshop aimed to understand participants' views of RNP and how it should be applied to maintain the pace of system investment, ensure operational efficiency, and protect affordability and fairness for electricity consumers.

From this workshop, a briefing paper and a Full Report were published (View the full report here).

This briefing paper summarises the main points discussed throughout the one-day workshop and analyses key themes. Ahead of the Reformed National Pricing Delivery Plan, the briefing illustrates how market participants and observers understand the coming reforms and their impact on the functioning of the electricity system.

Publication Year:

2026

Publisher:

UCL

DOI:

No DOI minted

Author(s):

Daly, M., Jansen, M., Blyth, W., MacIver, C. and Rhodes, A.