UK electricity market reform: the road ahead

The UK’s electricity market is evolving, with far-reaching implications for generators and investors in the renewables sector. As the draft Energy Bill progresses through Parliament this year, further detail is expected in a number of key areas which will prove essential in establishing investor confidence in this market. We set out some key questions and considerations for generators and investors and identify the issues that must be resolved to reduce uncertainty and attract investment.

On 18 June 2013, the Energy Bill received its second reading in the House of Lords, including the measures which the UK Government wish to introduce to encourage the required level of investment in renewable energy generation (Electricity Market Reform or “EMR”)...

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