Westminster Energy, Environment & Transport Forum

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Electricity markets in the UK - next steps for the Capacity Market, the Contracts for Difference regime, and supporting low-carbon electricity generation

Morning, Monday, 28th February 2022


This conference will examine the future for electricity markets in the UK and the UK’s EMR programme.


It will be a timely opportunity for key stakeholders and policymakers to consider next steps for the Capacity Market (CM) and the Contracts for Difference (CfD) regime in light of recent developments - including the series of consultations on proposals to support the move towards low-carbon electricity generation alongside wider net-zero ambitions.


We are pleased to be able to include keynote sessions with Dr Professor Keith Bell, Co-Director, UK Energy Research Centre (UKERC); Member, Climate Change Committee; and Power Sector Champion, University of Strathclyde; Kathryn Bird, Head of Capacity Market Policy, Electricity Security and Market Evolution team, Department for Business, Energy and Industrial Strategy; Sarah Keay-Bright, Senior Advisor Markets, Policy and Regulation, Energy Systems Catapult; and Tom Corcut, Deputy Director of Wholesale Markets & Commercial, Ofgem.


We expect discussion to bring out latest thinking on:

  • the future of the CM - ensuring it links with net-zero objectives, can deliver reliable power supply, and can keep up with increasing demand as the energy sector transitions
  • the CfD regime - priorities for ensuring that it supports low-carbon generation, encourages innovation and the commercialisation of services, and strengthens supply chain obligations

Sessions in the agenda include:

  • the outlook for market reform - assessing priorities for UK capacity and key issues for energy security in the UK
  • Capacity Market reform - sector priorities for developing a market that can deliver reliable, cost-effective, and decarbonised power supplies to the UK energy system
  • proposed changes to CfD - the potential impact on stakeholders and generation supply, looking at innovation, commercialisation, and the transition towards low-carbon electricity generation
  • taking forward EMR in the UK - the CM, supporting market growth and decarbonisation, and priorities for policy, regulation, and implementation

The discussion is bringing together stakeholders with key policy officials who are due to attend from the BEIS; the CMA; Defra; the DIT; the Department for the Economy, NI; the DfT; the DECC; the HSE; The Scottish Government; the UK Space Agency and the Welsh Government.



Keynote Speakers

Dr Kathryn Bird

Head of Capacity Market Policy, Electricity Security and Market Evolution Team, Department for Business, Energy and Industrial Strategy

Sarah Keay-Bright

Senior Advisor Markets, Policy and Regulation, Energy Systems Catapult

Keynote Speakers

Tom Corcut

Deputy Director of Wholesale Markets & Commercial, Ofgem

Professor Keith Bell

Co-Director, UK Energy Research Centre (UKERC); Member, Climate Change Committee; and Power Sector Champion, University of Strathclyde

Dr Kathryn Bird

Head of Capacity Market Policy, Electricity Security and Market Evolution Team, Department for Business, Energy and Industrial Strategy

Sarah Keay-Bright

Senior Advisor Markets, Policy and Regulation, Energy Systems Catapult

Chairs

Lord Redesdale

Vice Chair, All-Party Parliamentary Group for Intelligent Energy

Dr Alan Whitehead MP

Shadow Minister for Energy and the Green New Deal

Speakers

Marta Krajewska

Deputy Director of Investments, Energy UK

Angus MacRae

Director of Energy Economics, SSE Renewables

Andy Dobbie

Electricity Market Modelling Manager, National Grid ESO

Professor David Newbery

Director, Energy Policy Research Group, University of Cambridge

Rachel Fletcher

Director of Regulation and Economics, Octopus Energy

Neil McDermott

Chief Executive, Low Carbon Contracts Company

Graeme Forbes

Head of Market Solutions, Gemserv

Kate Turner

Policy and Regulation Director, Scottish Power