National Grid ESO has suggested that a nodal, location-based wholesale market would be the ideal shift of the market – with the current design to impose excessive costs if left.

This comes as part of the third phase of its ongoing programme of anaylsis into how GB electricity markets should be reformed to achieve net zero cost effectively.

The ESO found that the current market wasn’t designed for net zero, with wholesale electricity market reform required to deliver net zero at significantly lower cost to industry and consumers.