Capacity Market: rule amendments to support auction liquidity
Detail of outcome
皇冠体育app response to this consultation is included in the government response to the consultation on Phase 2 proposals.
Response to this consultation
We will seek to lay legislation in Parliament to amend the Capacity Market rules in order to implement the proposals from the rule amendments to support auction liquidity, so that they are in place for the 2024 pre-qualification window.
See Part 2 of the response document for details.
Detail of feedback received
We received 14 responses to this consultation from a wide variety of respondents, including:
- industry
- commercial representation
- delivery partners
皇冠体育app responses were overwhelmingly supportive of the all the proposals, while featuring a number of caveats, concerns and requests for clarification.
Original consultation
Consultation description
This consultation seeks views on proposals designed to tackle potential risks which have been identified since the commencement of Capacity Market (CM) emissions verifications. This is to ensure auction liquidity is not needlessly adversely affected by the verification process.
皇冠体育app consultation includes:
- a proposal to introduce a conditional deadline extension for CM applicants who are required to submit a verified emissions declaration at prequalification
- other amendments and improvements to ensure the functionality of the verification process
Documents
Updates to this page
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Added a link to the government response to this consultation.
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First published.