BEIS release Contract for Difference and Capacity Market scheme update 2018

This is the fifth annual update outlining the progress that has been made on the policy mechanisms implemented under the Electricity Market Reform (EMR) programme, which closed in 2015.The key mechanisms are the Contracts for Difference scheme and the Capacity Market and the Electricity Demand Reduction pilot. Both are designed to incentivise the investment required in the UK’s energy infrastructure and to deliver low carbon and reliable energy supplies, while minimising costs to consumers.The document sets out the headline achievements of these mechanisms over the past 12 months.