Partner Adam Langridge contributed a piece titled “Great Britain Heralds Significant Market Intervention With New Capacity Market” in the Europe Regional Trends section of Global Reference Guide 2012: Energy & Utilities, published by Financier Worldwide magazine. Adam provides an overview of the UK Department of Energy and Climate Change’s new Great Britain-wide capacity market (GBCM), which is part of an ambitious electricity market reform program. Adam discusses goals and challenges of the GBCM and provides answers to key questions including:
- When will GBCM start?
- How will the auctions work?
- Who will participate?
- What will a capacity contract look like?
- How will the consumers pay?
© Financier Worldwide. Reprinted with permission from the publisher.