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



This seminar will examine the next steps for reforming the electricity market - including potential changes to the Capacity Market (CM) and Contracts for Difference (CfD) auction processes.


The agenda


  • The Energy White Paper - and government priorities for Electricity Market Reform (EMR);
  • CfD Allocation Round 3 - examining the results;
  • Regulation - the future framework for the CM;
  • Meeting net zero targets - and what it means for the EMR - with;

  • The CM - next steps for its development following the Government review:
    • Renewable projects - supporting investment post-subsidies;
    • Tackling barriers to decarbonisation whilst maintaining security of supply;
    • Impact of EMR on retail energy suppliers and the priorities for limiting costs to consumers; and
    • The next phase of EMR - key issues for delivery.
  • Increasing clean generation in the UK energy market - addressing the challenges.

The details: areas for discussion at this conference


Changes to the CM following the Government Review and its suspension under EU law


Areas for discussion include:


  • The Capacity Market - improvements and wider steps needed to address challenges in areas such as technological neutrality, codes for entry, and removing market distortions;
  • Wind and solar power - options including simplifying institutional frameworks and supporting competition;
  • Cost to consumers - minimising the impact of changes to the CM regime;
  • Regulatory controls - including expected further changes to parts of the CM such as the Prequalification phase; and
  • The impact of the European Court of Justice decision, which is expected following the EU ruling that the CM breaches state aid.

It takes place in the context of:



Further increasing green energy generation and the effectiveness of CfD


Attendees will look at the next steps for increasing the amount of renewable energy generated for the national network following the 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 discuss the recently legislated target for reducing national emissions to net zero by 2050, as well as the CCC report: Net Zero - The UK’s contribution to stopping global warming, with attendees expected to consider how the changing role of EMR might help achieve this target.


Priorities for the Energy White Paper


We also expect discussion on priorities for the Energy White Paper in addressing the energy trilemma - the aim of delivering clean energy alongside energy security and affordable prices for consumers - discussion will focus on priorities for EMR and the next steps for the energy sector.



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

Senior speaker confirmed from National Grid

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

Senior speaker confirmed from National Grid

Chair

Rt Hon the Lord Whitty

Member, House of Lords Food, Poverty, Health and Environment Committee

Speakers

Alice Barrs

Head of UK Political Affairs, RWE

Tanisha Beebee

Senior Policy Advisor, Energy and Climate Change, Confederation of British Industry

Ross Fairley

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

Dr Nina Skorupska

Chief Executive, Renewable Energy Association

Senior speaker confirmed from RWE

Marta Krajewska

Deputy Director, Power, Energy UK

George Day

Head of Policy, Markets and Regulation, Energy Systems Catapult

Wafa Jafri

Director, Power & Utilities and Deal Advisory, KPMG