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Next steps for Electricity Market Reform – Contracts for Difference, innovation and the Capacity Market review
Tuesday 13th November @ 8:30 am - 1:00 pm
This seminar focuses on the future of Electricity Market Reform, and next steps for further decarbonisation of the UK’s electricity generation whilst ensuring security of supply for the future.
Key stakeholders and policymakers will discuss possible changes to the Contracts for Difference and Capacity Market auction process, with the Government confirming plans to carry out a Capacity Market review later this year – and following the National Infrastructure Commission’s assessment which highlighted some opportunities for change.
The seminar is also scheduled to take place before the next Contracts for Difference auction and those attending will consider the proposed changes to the scheme, such as the inclusion of remote island onshore wind, changes to the definition of ‘waste’ and the outlook for less established technologies more generally, particularly in the context of the £557 million set aside in the Clean Growth Strategy.
Further sessions look at the role of renewables in the Capacity Market and potential ways to further support innovation and provide the best deal for the consumer – with planned discussion on the challenges for developing a smart, flexible energy system and what this will mean for meeting the UK’s energy requirements.