Energy UK responds to the European Commission's announcement today on the UK Capacity Market
Responding to the European Commission’s announcement today that it will be proceeding with its State Aid investigation into the UK’s Capacity Market, Energy UK’s chief executive, Lawrence Slade said:
“We are pleased that, as expected, the EC is to proceed with its State Aid investigation into the UK’s Capacity Market (CM) following the General Court’s ruling last November. This is an important step towards reinstating it and providing much needed certainty for capacity providers.
“We firmly believe that the CM remains the best way to ensure security of supply at the lowest cost to customers through providing a level playing field for all technologies. With some £1 billion of payments for existing plants and new developments having been halted by last year’s ruling, it’s vital for capacity providers, suppliers, security of supply, and indeed the whole market that the EC resolves the situation as soon as possible.
“We will continue to work with BEIS and the EC to help achieve this on behalf of the energy industry.”