Threads / Capacity Market Modernisation / Capacity Market: rules amendments to improve auction liquid…
Consultation Outcome Published 18 Jul 2022 Department for Business, Energy & Industrial Strategy ↗ View on GOV.UK

Capacity Market: rules amendments to improve auction liquidity

We're seeking views on 2 time-limited proposals designed to improve liquidity in the 2023 Capacity Market auctions.

Opened 8 Jun 2022
Closed 22 Jun 2022
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The government is seeking views on proposed amendments to the Capacity Market (CM) - the government’s main mechanism for ensuring security of electricity supply. The proposed changes will remove barriers to pre-qualification for the 2023 round of CM auctions, and so improve security of electricity supplies in the winter of 2023 to 2024 and beyond.

We are proposing to:

  • postpone the introduction of the statutory requirement for independent verification of Fossil Fuel Emissions Declarations
  • temporarily allow plant that have been mothballed to apply to pre-qualify for CM auctions