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.
National Grid has outlined how renewables could participate in the Capacity Market, unveiling technology-specific de-rating factors that range from 1-15%.
We conclude our look back at the most significant stories of 2018 as we cast our (short) memories all the way back to November and the last few weeks of December, including that landmark ruling on the Capacity Market from the ECJ and Ofgem’s busy end to the year.
As the year draws to a close, Current± takes a look back at some of the most significant stories of 2018. Today we recap stories from the first two months of the year, including news of coal’s collapse in the Capacity Market and government investment in V2G.
Energy and clean growth minister Claire Perry has attempted to downplay the impact of the ‘standstill’ imposed on the UK’s Capacity Market, courting accusations of dishonesty from the company behind the legal challenge that resulted in the suspension of the scheme.
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the Capacity Market, according to the prequalification results of the next auctions.
The government has failed to rule out that it may have to recover capacity market payments already made to contract holders as a result of today’s landmark ruling by the European Court of Justice.