On Friday 27 January, Energy Systems Catapult published a case study, following its assessment of the impacts of current changes to policies, regulations and market rules on the government’s Electricity Market Reform (EMR), having been commissioned by the Low Carbon Contracts Company (LCCC). It undertook a systematic impact assessment of current non-EMR related changes to policies, regulations and market rules that might impact EMR key mechanisms – the Contracts for Difference (CfD) scheme and the Capacity Market (CM) – and the LCCC and the Electricity Settlements Company who implement and develop these schemes, respectively.
The comprehensive analysis made it possible to identify significant themes for LCCC and the Electricity Settlements Company to consider in managing change. It found that market designs and policies will need to adapt as the power system transforms, with significant change to continue for several years due to major levels of new investment needed in zero carbon energy resources, new innovations that need to be supported, and the need to integrate more renewables and distributed energy resources.
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