.

Loading Events

« All Events

  • This event has passed.

The impact of CFDs and the Capacity Market on UK Energy: What is the difference?

26 March 2015 @ 6:00 pm - 9:00 pm

he Contract for Difference (CfD) mechanism now sits at the heart of the Government’s Electricity Market Reform (EMR) programme. 

The Government’s premise is that the allocation of CfDs will promote growth in clean energy investment thereby increasing energy security & the use of an auction mechanism will help ensure bill-payers are supporting the most cost effective projects.

However, there has been controversy throughout the EMR process overwhether the Government’s energy policy and the aspirations of the renewables industry have been in alignment, particularly in terms of caps on clean energy development pipelines & the limited funding available for more mature technologies.

The first auction has completed – the volume of applications was high but opinion remains divided on whether ‘new’ capacity has really been won.

Debating the Issues Will be Our Expert Panel:

Yasharn Smith, Electricity Market Reform, National Grid 
Tim Emrich, CEO, UK PowerReserve Ltd 
Chris Goodall, Carbon Commentary (Part of the Guardian Environment Network)
Richard Warren, Senior Energy and Environment Policy Adviser, EEF (The Manufacturers Organisation)
Moderated by: Chris McGarvey, Partner, Pinsent Masons LLP
 

Topics to be Discussed:

  • Who might have been winners and losers in the capacity market auction and what lessons can be learned?
  • What will be the real impact of the auction on the 2018 electricity marketplace – has new capacity been created in a meaningful way?
  • Does the new mechanism put the UK closer to solving the energy trilemma (carbon emissions, energy costs, security of energy supply) and has demand-side management been overlooked in the rush to auction?
  • Will this auction be a significant and positive push in the drive for investor confidence?
  • What could be the implication of sub-$50.00 oil on future auctions if not the entire EMR mechanism?

Details

Date:
26 March 2015
Time:
6:00 pm - 9:00 pm

Venue

Pincent Mason LLP
30 Crown Place, Earl Street
London, EC2A 4ES United Kingdom
Phone:
020 7418 7000

Organizer

Eco-Connect
Phone:
020 7418 7000
Email: