Alternatives to Locational Marginal Pricing (LMP)

The Substation Podcast

Tom and Emma discuss options for improving locational signals on the electricity system that aren't Locational Marginal Pricing (LMP). Could reforms to network access, network charging, new markets and services send better signals to the market and reduce constraint costs? Could these options be easier to implement than LMP, and reduce potential investor uncertainty? And why can't we just build more wires?