Energy UK responds to news of Capacity Market review
Responding to a speech by Energy Minister Claire Perry, where she announced a formal review into the capacity market later this year, Lawrence Slade, chief executive of Energy UK said:
“Renewables play an integral role in decarbonising our economy and reducing costs for consumers, which is why Energy UK has consistently called for renewables to be allowed to compete in Capacity Market auctions.
“We hope the forthcoming review will explore how innovative power products can effectively participate and deliver the needs of a future system, and welcome the opportunity for common-sense changes such as streamlining the rules and looking at ways to make the current penalty regime clearer and more consistent.
“We look forward to working with the Government as it develops a strategy to ensure the Capacity Market provides security of supply and low carbon generation at the lowest cost to consumers.”