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Capacity Market

GB Capacity Market Reinstated

Last week the European Commission ruled that the GB Capacity Market should be restored, following its suspension in November 2018 (see here). The press release from the Commission can be found here.

The UK Government’s Department of Business, Energy and Industrial Strategy (BEIS) has confirmed that:

  • Previously suspended payments will be restored and paid by January 2020.
  • The conditional capacity agreements awarded in the replacement T-1 auction, held in July 2019, have become full capacity agreements.
  • The three capacity auctions scheduled for early 2020 will also take place.

Notices from BEIS can be found here.

Tempus Energy, who brought the claim against the UK Government have criticised the decision, as reported here on the Current News web site.

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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