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:
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?