Economic Affairs Committee
The Price of Power: Reforming the Electricity Market

2nd Report of Session 2016-17 - published 24 February 2017 - HL Paper 113



Chapter 1: Introduction

Chapter 2: Developments in energy policy

Government’s objectives for energy policy

Changes in energy policy over recent decades

Hinkley Point C: a case study

Current energy policies

A new direction for energy policy

Chapter 3: Failures in the market

Failure 1: Insecurity of supply

Failure 2: Energy prices

Chapter 4: Reforms to restore competition

Reform 1: Reprioritise the objectives of energy policy

Reform 2: Manage the path to decarbonisation

Reform 3: Hold a neutral, fully competitive supply auction

Reform 4: Greater scrutiny and independent oversight of competitive auctions

Reform 5: Fund research and development

Summary of conclusions and recommendations

Appendix 1: List of Members and declarations of interest

Appendix 2: List of witnesses

Appendix 3: Call for evidence

Evidence is published online at and available for inspection at the Parliamentary Archives (020 7219 3074).

Q in footnotes refers to a question in oral evidence.

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