Corporate report

Contracts for Difference and Capacity Market scheme update 2023

Annual update to Parliament on the progress made by government on the policy mechanisms implemented under the Electricity Market Reform programme.

From:
Department for Energy Security and Net Zero
Published
19 December 2023
This was published under the 2022 to 2024 Sunak Conservative government

Documents

Ref: ISBN 978-1-5286-4619-2, E03039376, HC 392

PDF, 368 KB, 25 pages

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Details

This report carries out the government鈥檚 obligation under聽聽to report annually to Parliament on the policy mechanisms implemented under the Electricity Market Reform programme, which closed in 2015.

The key mechanisms are:

  • the Contracts for Difference scheme
  • the Capacity Market
  • the Electricity Demand Reduction scheme

They are designed to incentivise the investment required in the UK鈥檚 energy infrastructure and to deliver low carbon and reliable energy supplies, while minimising costs to consumers.

Updates to this page

Published 19 December 2023

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