Energy UK responds to DECC EMR consultation on implementation
In response to the release of the 'Electricity Market Reform: Consultation on Proposals for Implementation’ from DECC, Energy UK said:
“This is an important step to ensuring the electricity market reforms are on track for completion by next year and goes some way to fleshing out some of the necessary detail of how it will be implemented.
"Contracts for Difference should attract much needed investment into new low carbon infrastructure including renewables, nuclear and Carbon, Capture & Storage. While a well-functioning capacity market will ensure we have enough generation capacity for security of supply in the UK.
"We will need to look closely at the detail to make sure these plans provide investor certainty, are affordable and work well in practise.”