Stephen Woodhouse, Director Afry Management Consulting, and Phil Hewitt, Director, Montel EnAppSys, discuss the pros and cons of locational prices in the UK electricity market, including the benefits and challenges of transitioning to a zonal market. They explore the implications of a centralized dispatch system, the comparison to European intraday markets, and the ongoing debate between nodal and zonal pricing. They also address the potential impact on existing contracts with a Contract for Difference (CFD).