National Grid has asked for urgent industry feedback as it helps to develop the Government’s plans for the Electricity Reform Market (EMR).
Yesterday it launched a campaign seeking comments and responses to shape the EMR, along with the Contracts for Difference (CfD) and the development of strike prices for renewable technologies. The CfD is a long-term plan to provide stable and predictable incentives for businesses to invest in low carbon electricity generation. National Grid wants to hear views looking into the most recent and relevant technology costs and economic assumptions for the setting of prices for CfDs.
Earlier this year, the Energy and Climate Change Committee highlighted its concerns about the Government’s CfD proposals, saying community owned energy projects and small independent generators are in “danger of being squeezed out”.
National Grid will provide the suggestions for the new scheme to the Government, which is expected to replace the existing Renewables Obligation (RO) system after 2017. The RO is the subsidy given to businesses for the amount of renewable electricity they generate.
The draft delivery plan will be presented mid next year for a consultation and will be published in final form towards the end of 2013.