Many market participants use “delegated reporting” to meet their obligations under EMIR and REMIT. This involves another party, such as the counterparty, reporting on their behalf. This blog post by Gordon Allot of Broadpeak Partners gives several reasons why such reporting may not be on offer in future, which will require market participants to change their … Continue reading
The first round of CfD allocations under GB’s Electricity Market Reform(EMR) were announced recently. Following this there have been various comments on the results, and also other aspects of EMR, such as the Capacity Market. The Energy and Climate Change Committee recently published this report reviewing the implementation of EMR to date. The report has … Continue reading
This week saw the launch of the EU Energy Union. This initiative sets out several objectives in order to further integrate the governance and running of the EU’s energy strategy. On the wholesale side, this includes further proceeding with the 3rd Energy Package, a market re design, and also the strengthening of the powers of … Continue reading
The UK’s DECC have just published the results of the first round of CfD allocations, which can be found here. There are some interesting results!
The UK’s Confederation of Business and Industry(CBI) have made comments supporting the Electricity Market Reform(EMR) which can seen seen in this article on the Businessgreen web site. There are an increasing number of stories coming out in the UK press about possible supply issues, and the problem of getting companies to invest in the UK energy … Continue reading
See here for a report by Cornwall Energy written for DECC on the credit and collateral issues in the Great Britain energy market and how they are impacted by the GB Electricity Market Reform.
The UK Electricity Market Reform (EMR) continues with developments on both the CfD and Capacity Market tracks. The CfD Allocation Framework round, has just been announced to begin in October. Details can be assessed from here. The rules for the Capacity Market have also been published. They, together with supporting documents can be accessed from here.
See this article on Risk.Net for an interesting overview of the issues facing the UK power market. On the one hand, vertical integration may be responsible for a decrease in liquidity and competition, which is one of the factors that has led to the Competition and Markets Authority(CMA) investigation started earlier this year. On the … Continue reading
See here for a posting on Energy News Live about two parts of the UK Electricity Market Reform (EMR) coming into force today (1 August). This spans the Capacity Market and Contract for Differences (CfD) scheme. For further explanations, see DECC’s (Department of Energy and Climate Change) web site EMR page, and also the relevant stakeholder bulletins.
The UK’s Department for Energy and Climate Change today made this announcement about the procurement plans for power via the new Capacity Market.