The Department of Energy and Climate Change (DECC) was responsible for all aspects of UK energy policy, and for tackling global climate change on behalf of the UK. Its energy duties are now managed by BEIS

EMR Policy Development

We were engaged by DECC with a focus on the detailed design of the contractual mechanisms associated with the large scale FiT, as well as input to the wider EMR programme, including:

  • Considering the arrangements being put in place for the North West Europe (NWE) market coupling, to see whether this provides a suitable reference price for the contract;
  • The development of institutional arrangements to administer FiT contracts and provide a credit worthy counterparty for FiT generators;
  • The development of mechanisms to manage the risk of a generator reneging on its commitments to build and operate a low carbon generator;
  • The development of market based mechanisms to drive an efficient price for the low carbon generation; and
  • Providing expert input to the wider Energy Market Reform programme, and in particular the options to develop a capacity mechanism to support wider concerns over sufficient power stations being built to assure security of supply.
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