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Suspension of the UK’s Capacity Market: Inenco reponse

15th November 2018

Commenting on today's announcement to suspend the UK’s Capacity Market, David Oliver, energy consultant at Inenco, said:

“Today’s announcement to suspend the UK’s Capacity Market until further notice brings with it yet another layer of unwanted uncertainty to the UK energy market and businesses alike. Established in 2014, the Capacity Market has enabled much-needed investment in a range of new generation and storage projects. Suspending the Capacity Market, and with it capacity payments for existing agreements, poses grave questions about the future security of supply, threatening the closure of plants without the certainty of new generation to replace it. We hope BEIS can ensure this is reinstated promptly in order to re-establish confidence in UK plc.”