UK Energy Bill – DECC Publishes Information And Proposals

Author:Mr David Wilkinson
Profession:Field Fisher Waterhouse

The UK Energy Bill contains specific provisions which, when it is enacted, will enable the Secretary of State to give effect to various initiatives to address investments in the UK energy market. On 27 June 2013, the Government's Department of Energy and Climate Change (DECC) published various information and proposals in this regard:

Detailed information on the contract allocation process for Final Investment Decision (FID) for Renewables. FID is an "interim" programme designed to avoid a hiatus in investment in low carbon generation during changes to the market under Electricity Market Reform (EMR) ahead of the implementation of Contracts for Difference (CfD); Detailed proposals for how the Capacity Market should work. The proposed Capacity Market is designed to ensure...

To continue reading