electricity market reform
The Government’s plans for Electricity Market Reform (EMR) aims to ensure the UK will be able to meet its energy needs in the decades ahead.
With a quarter of the UK’s generating capacity shutting down over the next ten years as old coal and nuclear power stations close, more than £110bn in investment is needed to build the equivalent of 20 large power stations and upgrade the grid.
company position
We broadly support the aims of the EMR to promote renewables and ensure security of supply but would urge a ‘market-friendly’ approach where possible.
We have concerns over specific proposals including the Capacity Mechanism and Feed-in Tariffs and believe the proposed timetable to implement the reforms may prove too ambitious.
> Read the full position paper
latest news
DECC announce Technical Update on EMR proposals - 15/12/2011
On 15th December, the Department of Energy and Climate Change announced a Technical Update on Electricity Market Reform proposals. In the update DECC have expressed the view that the System Operator best meets their criteria for the delivery of both the Feed-in Tariff with Contracts for Difference (FiT CfD) and capacity mechanism.
Alongside the System Operator, there may be a role for an organisation such as Elexon, which has much of the information and skills necessary to manage the payments.
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