Consultation launched to reform GB’s Capacity Market, the government’s main mechanism for ensuring security of electricity supply
proposals will improve the robustness of the energy supply and provide greater incentive for investment in low carbon technologies central to homegrown energy
this consultation is a step in the government’s long term plan to enhance energy security and deliver a net zero power system
Improved energy security and a more secure transition to net zero are set to be delivered through the UK government’s significant proposals to reform Great Britain’s Capacity Market (CM).
The Capacity Market is the scheme that sits at the heart of the government’s strategy for ensuring security of electricity supply in Great Britain, using competitive auctions to make sure there is enough reliable capacity to meet Great Britain’s peak electricity…