M
Member
Speaking in the House of Lords on 20 January 2025
Debate
Electricity Capacity Mechanism (Amendment) Regulations 2024Contribution
These regulations revoke outdated EU provisions to align UK legislation with the post-Brexit needs of the domestic market. Specifically, Regulation 3 removes the reference to the capacity market as a temporary measure, while Regulations 5 and 6 revoke the requirement for the capacity market to be approved for no longer than 10 years. Although these amendments are designed to improve the functioning of the market, they raise an important question. How will the Government ensure continued accountability and oversight in the absence of the implementation plan requirement?
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