Electricity: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 13th February 2019.

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Photo of Alan Whitehead Alan Whitehead Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change), Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether it is his policy to reinstate payments under the Capacity Market for Autumn 2019.

Photo of Claire Perry Claire Perry The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

The Commission has confirmed that it will be conducting an investigation into the original State aid notification for the Capacity Market. This investigation will include Capacity Market agreements already entered into, including those for 2019/20. A positive final State aid decision would allow payments to be made to these agreement holders.

The Government has also confirmed its intention to hold a T-1 top-up auction during the summer of 2019, for delivery in 2019/20. Payments under these agreements will also be conditional on the outcome of the Commission’s formal investigation.

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