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Capacity contracts in Great Britain's power market - ending the energy-only model


Capacity contracts in Great Britain's power market - ending the energy-only model

Report summary

The European Commission has confirmed that the UK government’s proposed Capacity Market (CM) complies with EU state aid rules. As coal plants are retired and renewable supply grows, the CM is aimed at providing medium to long-term security of power supply in Great Britain.

The first CM auction will be held in December 2014 - for delivery of capacity in 2018. Capacity contracts represent a substantial intervention in the sector, bringing an end to the existing energy-only power market model.

What's included?

This report includes 1 file(s)

  • Capacity contracts in GB power ending the energy only model.pdf PDF - 919.84 KB

Description

This Power Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues within the power industry, this report gives you an expert opinion and analysis to help inform your decision making.

Wood Mackenzie's detailed analysis and reliable market forecasts provide a strong reference, enabling a quick and concise description about the relationship between this event and its implications.

Underpinned by our extensive gas, coal and oil markets research, Wood Mackenzie's detailed analysis and reliable market forecasts provide a reliable foundation for investments and corporate planning. We help you understand key regulatory and economic drivers, and emerging industry trends in the power industry.

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