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BEIS confims no further plans to reform Capacity Market

BEIS confims no further plans to reform Capacity Market


The department confirmed in a written answer released on Monday 24 April that it has no plans at present to reform the Capacity Market to further incentive new gas generation capacity. The answer was in response to a question from Shadow Business, Energy and Industrial Strategy Secretary Rebecca Long Bailey on whether reforms would be made following the BEIS 2016 Energy and Emissions Projections report. Junior BEIS Minister Jesse Norman said: “The Capacity Market is tried and tested and is the most cost effective way of ensuring we have the electricity we need now and in the future. We are confident that it is providing the right investment incentives for a mix of capacity in the UK.”

BEIS