Priorities for energy security in the UK - continuity of supply, the Capacity Market and delivering clean generation capacity
8:30 AM - 1:00 PM, 9 May 2019
Westminster Forum Projects , The Caledonian Club, 9 Halkin Street, London, United Kingdom
This conference focuses on priorities for energy security in the UK ahead of the planned Government energy white paper due for release this summer.
Delegates will discuss the future of the Capacity Market (CM) in light of the Court of Justice of the European Union ruling suspending the CM for violating state aid regulations.
It takes place with the European Commission now opening an in-depth investigation into the Capacity Market, as well as their recent appeal to overturn the CoJ ruling, with an Opening Decision expected for publication in early 2019 - and with industry awaiting the final decision later this year.
With the subsequent consultation on Technical Amendments to the CM - which include plans for a top-up auction during the summer of 2019 - attendees will also assess how best to provide certainty to those involved in the CM, with some energy companies issuing profit warnings linked to the suspension.
Against the backdrop of the wider review into the CM expected for publication later this year - aimed at ensuring that it remains fit for the future - the seminar will also assess what role the CM should have in future, and what more is needed from policy to support cost-effective energy security and the development of energy markets across the UK.
The agenda looks at next steps for regulation, and cooperation between regulators and electricity network operators, in making sure the UK meets its energy requirements as demand patterns change and distributed generation becomes more common.
It will also consider the impact of Brexit on security of supply chains and on European regulatory systems such as Euratom.
Delegates will share latest thinking on the potential of smart technology in driving consumer behaviour with the recently published smart meters policy paper highlighting the potential for generating £40bn of wider economic benefits from additional energy sector services like demand side response, market intelligence data and energy storage technology.
The conference takes place with the recent publication of the UK’s National Energy and Climate Plan - which recommits to the Clean Growth Strategy goal to enhance energy security by delivering a more diverse and reliable energy mix.
The organisers expect discussion on how the low carbon sector and renewable generation will need to develop to help meet the Plan’s energy and climate objectives, including investment in energy infrastructure resilience - as well as further options for promoting new generation capacity in the UK.
The organisers also expect discussion on the place of oil and gas and the continued development of the North Sea for energy security in the UK.
The impact of government investment for facilitating innovation and routes to commercialisation in areas such as battery storage will also be considered, with the launch of the £20m Storage at Scale Competition intended to demonstrate viability for non-conventional storage technologies and economic potential.
Attendees will consider what more needs to be done to encourage inward investment in the context of the launch of the UK’s £5bn Energy Investment Portfolio which will be promoted to global investors and options for market-based incentive schemes, such as the proposed Smart Export Guarantee Scheme will also be assessed.
Agenda and register here.