  Nothing has done more to empower the free market, enterprise, and meritocracy
than the spread of electricity and power to everyone. The power system has been
the precursor to the greatest period of innovation in our history and has meant
that visionaries with revolutionary ideas can compete with those with capital,
political power, and means. Electricity, therefore, has been the great
equalising force of the last 150 years, enhancing the productivity of the
masses and granting prosperity to whole swathes of our nation. Whilst
electricity has been one of the single largest innovations in enhancing the
power of free markets, it is somewhat ironic that the way power is sold to
consumers is largely unfree. The market is highly regulated, centralised, and
is often used for political football by cynical politicians on both sides of
the political spectrum. Introducing Locational Marginal Pricing into the UK
grid system will increase economic freedom in the consumer markets for power,
reduce prices for the poorest in the UK, decrease transmission losses, increase
the permeation of low carbon generation in the grid, and incentivise investment
in the UK's Northern Powerhouse initiative.
