Capacity Market 2023: strengthening security of supply and alignment with net zero (Phase 1)
We're seeking views on proposed reforms to the Electricity Capacity Market to strengthen security of supply and provide greater clarity for investors around the transition to net zero.
Detail
This consultation builds upon the Call for Evidence (CfE) published in July 2021 which sought views on proposals to better align the Capacity Market (CM) with the government’s net zero targets and improve delivery assurance across the scheme.
The proposed reforms set out in this consultation represent the next step in the evolution of the CM and have been considered in light of the Review of Electricity Market Arrangements (REMA) programme.
The main policy proposals fall into 3 categories:
- strengthening security of supply
- aligning the CM with net zero
- other improvements to the CM
Read the BEIS consultation privacy notice.
Documents