Lawrence Slade argues that the Capacity Market is a necessary measure to maintain both supplies and investor confidence. The current hiatus should be seen as an opportunity for reform – not the end of the measure The winter blackout…
Perspective
Industry governance: building a new model
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The UK energy industry is undergoing huge change. In this thought leadership piece, Gemserv talks about building a new model for governance Today’s energy market is characterised by its many codes, complex rules, and a range of market access routes. The energy sector…
OPINION: Lesson from the Capacity Market debacle: put your trust in markets, not regulation
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Filippo Gaddo, head of economics, business and investor advisory at Arup, considers the implications of the European Court of Justice ruling that the Capacity Market represents unjustified State Aid On 15 November the European Court of Justice found that, in…
OPINION: Market integrity benefits energy consumers
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As ACER budgets come under pressure, Alberto Pototschnig, ACER chief executive, discusses the value of Remit Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT) introduced an unprecedented, sector-specific monitoring framework for the EU wholesale energy market and…
Capacity Market ruling: the industry responds
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The European Court has annulled a 2014 European Commission decision that the UK’s Capacity Market passes State Aid tests. See story here. The industry responds: Erik Nygard, chief executive & co-founder, Limejump: “In these circumstances, the abruptness of such a decision…
OPINION: Post-Brexit, the UK must support new technologies that have potential global value
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Andrew Scott, chief executive of Orbital Marine Power (previously Scotrenewables) says revenue support for the UK’s tidal energy sector would be a cost-effective way of growing a global business As the dust settles on the Swansea Bay Tidal Lagoon rejection…
OPINION: RIIO 2 is the time to do some serious thinking on heat and decarbonisation
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Bridget Woodman and Richard Lowes consider the decarbonisation of the UK’s heat sector – and the lack of political commitment to achieve it. Extensive, or even complete, decarbonisation of the heat sector is vital if the UK is to meet…
OPINION: Do we need to redefine the social contract between utilities and consumers?
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Karma Loveday says trust and confidence are necessary for all public-private utilities and asks whether the current relationship can be repaired Utilities, because of their public-private nature, are highly visible to political and media scrutiny. Since privatisation in England and…
OPINION: Beware the effect of a ‘hard’ Brexit on the energy market
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Alex Harrison, partner at Hogan Lovells, sees little clarity yet on the UK energy industry’s interactions with the Internal Energy Market post-Brexit. Be prepared for a crash The UK government published its White Paper on the future relationship between the…
OPINION: The UK faces a bleak energy future outside the EU’s internal market
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Speaking at the end of a House of Lords debate on energy and Brexit, Lord Teverson warned that the UK would not be ‘at the table’ on energy discussions after it leaves the EU. He warns that the EU’s interest…