Electricity Market Reform
The Coalition Government’s Electricity Market Reform (EMR) seeks to maintain enough generation in the UK to meet demand despite planned closures of power stations and to decarbonise the industry in-line with legally binding targets. The rationale is to achieve those objectives at a lower cost than using existing policies as the Government also has the objective of keeping bills affordable.
EMR includes the Carbon Price Floor which has already come into effect and acts to set a minimum price of carbon in the UK. The Emission Performance Standard sets the annual limit of carbon emissions new fossil fuel power stations are allowed to emit.
EMR also includes the two support schemes known as the Capacity Market (CM) and Feed-in Tariffs with Contracts for Difference (FiT CfD), each requiring their own regulatory framework, operational processes, administrative bodies, legal contracts, new systems and data flows.
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latest policy updates
To keep up to date on the latest Electricity Market Reform news and policy updates visit our EMR news archive.> See the policy updates archive on EMR