Westminster Energy, Environment & Transport Forum

Electricity Market Reform - the Capacity Market, Contracts for Difference and the Energy White Paper

Morning, Tuesday, 26th November 2019

Central London

THIS EVENT IS CPD CERTIFIED



Taking place following the anticipated Energy White Paper which will aim to end the energy trilemma - the aim of delivering clean energy alongside energy security and affordable prices for consumers - discussion will focus on priorities for Electricity Market Reform (EMR) and the next steps for the energy sector.


Following the first phase of the Capacity Market (CM) Review, discussion will focus on the effectiveness of the CM and how its design could be improved - taking into account commitments from the technical amendments to include wind and solar energy generation in the Capacity Market - as well as the potential for further incorporating Demand Side Response and Pumped Storage Hydropower.


Delegates will also consider the priorities of ensuring that capacity is maintained at the minimal cost to consumers when altering components of the CM regime.  


Sessions will assess expected changes to regulatory controls - looking at simplifying the parts of the CM, such as the Prequalification phase - as Ofgem completes its Five Year Review of the Capacity Market Rules, which is due to be published by the end of the summer.


Discussion will consider the next steps for the CM as the European Court of Justice is expected to make its decision following the EU ruling that the CM breaches state aid rules.


Attendees will look at the next steps for increasing the amount of renewable energy generated for the national network following the Contracts for Difference (CfD): Allocation Round 3 - which is expected to conclude in autumn 2019 - as well as assessing the success of the regime as a whole.


Delegates will also examine the opportunities for further investment into emerging technologies following the withdrawal of subsidies, like the feed-in-tariff, and the priorities for less established renewable technologies to learn from successful CfD bidders.


Further sessions will consider the recent CCC report: Net Zero - The UK’s contribution to stopping global warming, and the changing role of EMR in achieving net-zero greenhouse gasses by 2050.



Keynote Speakers

Charles Phillips

Head, Capacity Market, BEIS

Cathryn Scott

Director, Wholesale Markets and Commercial, Ofgem

Mike Thompson

Head of Carbon Budgets, Committee on Climate Change

Neil McDermott

Chief Executive, Low Carbon Contracts Company

Keynote Speakers

Cathryn Scott

Director, Wholesale Markets and Commercial, Ofgem

Mike Thompson

Head of Carbon Budgets, Committee on Climate Change

Neil McDermott

Chief Executive, Low Carbon Contracts Company

Charles Phillips

Head, Capacity Market, BEIS

Speakers

Ross Fairley

Partner and Head, Energy, Power and Utilities Team, Burges Salmon

Dr Nina Skorupska

Chief Executive, Renewable Energy Association

George Day

Head of Policy, Markets and Regulation, Energy Systems Catapult