UK Set to Ditch Controversial Plan for Zonal Power Pricing

The UK government is set to drop plans to introduce zonal pricing in the country’s wholesale electricity market, following a backlash from industry saying that splitting the market into geographical areas would damage investments in renewable energy projects, the Guardian reports, citing sources. In one of the most controversial power market reforms considered in the country, the UK government has been considering the so-called zonal pricing for electricity prices in Britain to replace a nationwide pricing system. Under the proposed reform,…