Capacity Market: rules amendments to improve auction liquidity

The government is seeking views on proposed amendments to the Capacity Market (CM) - the government’s main mechanism for ensuring security of electricity supply. The proposed changes will remove barriers to pre-qualification for the 2023 round of CM auctions, and so improve security of electricity supplies in the winter of 2023 to 2024 and beyond.

We are proposing to:

• postpone the introduction of the statutory requirement for independent verification of Fossil Fuel Emissions Declarations
• temporarily allow plant that have been mothballed to apply to pre-qualify for CM auctions