Priorities for energy security in the UK – market efficiency, innovation, and the future of the Capacity Market

Partner Event

May 9th - 09:00-13:00

  • Organiser: Westminster Energy, Environment & Transport Forum
  • Venue: Central London
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This conference focuses on priorities for energy security in the UK.

Delegates will discuss the future of the Capacity Market (CM) in light of the European Union ruling suspending the CM for violating state aid regulations and with the Commission expected to publish an Opening Decision on the Capacity Market investigation early this year, with their final decision following later in the year.

With the subsequent consultation on Technical Amendments to the CM - which include plans for a top-up auction during the summer of 2019, attendees will also assess how best to provide certainty to those involved in the CM during the suspension.

Also, against the backdrop of the wider review into the CM - aimed at ensuring that it remains fit for the future and expected for publication later this year - this seminar will provide an opportunity to assess what role the CM should have in future, and what more is needed from policy to support cost-effective energy security and the development of energy markets across the UK.

We also expect discussion on further options for promoting new generation capacity in the UK, including the impact of the range of government investment in facilitating innovation and routes to commercialisation in areas such as renewable energy and battery storage.

Attendees will consider what more needs to be done to encourage investment in the UK in the context of the launch of the UK’s £5bn Energy Investment Portfolio which will be promoted to global investors.

The agenda also looks at next steps for regulation, and cooperation between regulators and electricity network operators, in making sure the UK meets its energy requirements as demand patterns change and distributed generation becomes more common - as well as the impact of Brexit on security of supply chains and on European regulatory systems such as Euratom.

Delegates will also share latest thinking on the potential of smart technology in driving consumer behaviour with the recently published smart meters policy paper highlighting the potential for generating £40bn of wider economic benefits from additional energy sector services like demand side response, market intelligence data and energy storage technology