BEIS Seeks Views on Relaxing Capacity Market Rules in Response to COVID-19 Pandemic

On 24 April 2020, the Department for Business, Energy & Industrial Strategy (BEIS) published a Consultation seeking industry views to relax certain Capacity Market obligations and deadlines, reduce the burden and minimise terminations of Capacity Market Agreements arising from the COVID-19 pandemic or the restrictions imposed by the Government to tackle it. The Consultation closes at 11:45 p.m. on 30 April 2020. In this alert, Rob Broom (associate) and Paul Brennan (consultant) from our Energy & Natural Resources Practice take a closer look at the proposed changes.