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Brexit, Capacity Market, Clean Energy Package, Uncategorized

GB Capacity market developments

Following the suspension of Great Britain’s Capacity Market following a ruling by the European Court of Justice (see here) and some interim actions by the UK’s Business, Energy and Industry Strategy  department (BEIS) (see here), the European Commission has lodged an appeal. The appeal is reported here on The Energyst’s web site and also here on the S&P Global Platts web site. The investigation into the market’s structure will continue despite the appeal.

Tempus Energy, who brought the case, have responded to the appeal with this blog post, questioning the motives behind the appeal.  Conversely, Lawrence Slade , chief executive of Energy UK has written this article supporting the Capacity Market, and the proposal to continue to collect capacity market payments from suppliers for now, and arguing that although there are issues,  the Capacity Market is beneficial to the GB markets transition to a lower carbon  generation mix whilst maximising security of supply.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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