Striking the right balanceThe direction of UK electricity market reform |
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Background
In partnership with the Energy Institute, we are pleased to introduce a series of Energy Briefings designed to provide insightful analysis into key issues within the UK energy industry. The Energy Briefings Series will offer expertise and market intelligence, which we trust, will become a valuable source of information.
Striking the right balance
The UK Government has accepted that the existing measures to decarbonise the UK power sector, the EU ETS and the renewable obligation, are insufficient to achieve Govt targets. Accordingly, the Department of Energy and Climate Change (DECC) has initiated a period of statutory consultation on the government’s preferred electricity market framework. The Consultation period closed 10 March 2011, to be followed swiftly by a White Paper, with legislation to implement the proposed new market arrangements expected soon after.
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