Ofgem has unveiled a raft of proposed changes to the Capacity Market framework in a bid to simplify it in the short term.
Articles tagged with: capacity market
National Grid has been instructed to hold the postponed T-1 Capacity Market auction “as soon as reasonably practicable”.
Tempus Energy has escalated its legal challenge against the Capacity Market, demanding that all payments made under the mechanism be recovered.
The Department for Business, Energy and Industrial Strategy (BEIS) has issued more details surrounding its proposed T-1 top-up auction, but extended its window until the end of August “as a contingency measure”.
The UK’s balancing market is being held back by a distinct lack of transparency, a panel of energy suppliers have concluded.
Drax has said its ability to support the UK’s energy transition will become increasingly important as low carbon power soars, but the Capacity Market’s ongoing suspension looms large over the firm’s 2019.
EC Capacity Market probe launches as industry seeks changes to ‘light the fire’ under nascent technologies
The European Commission has today opened an in-depth investigation into the Capacity Market’s compliance with EU State aid rules, sparking what could remain a lengthy process towards the scheme’s reinstatement.
Energy firm SSE has issued a profit warning after it revealed the suspension of the Capacity Market is expected to result in a £60 million shortfall in this financial year.
Tempus Energy has launched a fresh attack over the government’s handling of the Capacity Market (CM), accusing it of “pretending” that the European Court of Justice’s judgement on the matter is less serious than it is.