M

Member

Speaking in the House of Lords on 20 January 2025

Debate

Electricity Capacity Mechanism (Amendment) Regulations 2024

Contribution

I turn now to the effect of this SI. The proposed amendments aim to streamline the capacity market to better address the evolving needs of electricity security in Britain today. A key change is the removal of the temporary label from the capacity market, enabling it to operate without a fixed duration. This change should provide greater flexibility for energy providers, supporting long-term planning and investment in infrastructure. With the removal of the temporary status, the capacity market will be able to operate on a more permanent basis, ensuring a stable framework for electricity generation and demand-side response measures.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.