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Energy Market Reforms: Tensions and Transformations
This chapter explores the ongoing consultation on energy market reforms, emphasizing the friction between market-based solutions and interventionist strategies. Key topics include the impact of renewable energy on pricing, the complexities of the marginal pricing system, and the evolving role of contracts like CFDs and PPAs in shaping future markets. The discussion also highlights the urgent need for new forward products to navigate the changing landscape and improve market liquidity.