M
Member
Speaking in the House of Lords on 20 January 2025
Debate
Electricity Capacity Mechanism (Amendment) Regulations 2024Contribution
This in turn should facilitate the development of new technologies and the integration of diverse energy sources, enhancing the UK’s overall energy resilience. These changes will encourage private sector investment in new generation capacity, including the construction of low-carbon power plants, gas peaking plants and energy storage facilities. The removal of arbitrary time constraints will allow these investments to be planned over longer horizons, which is essential for infrastructure with a long lifespan. Furthermore, it will create opportunities for innovative technologies that could play a pivotal role in the future of energy provision in the UK, enabling us to meet our future energy demands sustainably and efficiently.
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