Capacity Market 2023: Phase 2 proposals and 10 year review
Applies to England, Scotland and Wales
Consultation description
The consultation is in 2 parts:
Part A: Strengthening security of supply and alignment with net zero
This part of the consultation follows the January 2023 consultation and forms Phase 2 of reforms to the Capacity Market, building on the previous consultation and further engagement with stakeholders and industry.
The main policy proposals broadly fall into 2 categories:
- strengthening security of supply
- accelerating investment in low carbon technologies
The proposed reforms set out in Part A of this consultation represent the next step in the evolution of the Capacity Market and have been considered in light of the Review of Electricity Market Arrangements (REMA) programme.
Part B: Review of the Capacity Market
The Capacity Market Rules and Regulations contain a requirement to carry out a review every 5 years and publish a report. The next full review of the market (the 10-year review) is due to be published by Summer 2024.
This part of the consultation is a call for evidence to help inform this review.
Respondents can choose to answer one or both parts of the consultation.
See our consultation privacy notice.
