A new Department for Business, Energy and Industrial Strategy (BEIS) consultation paper proposes reforms to the UK Capacity Market, the contract system which provides incentives to electricity providers to ensure security of supply is maintained. The potential changes to the market are designed to boost investment in cleaner alternatives to the gas-fired power stations that have so far dominated this market, with most of them being existing plants. Controversially, some old inflexible nuclear plants have also been subsidised under the … read more »
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