IGov has consistently questioned the need for a Capacity Market in the UK low carbon transition, as well as the process by which it developed. It is a clear demonstration of how governance of the UK energy system can act to impede change in the direction of a more sustainable system. This Primer summarises the research and thinking we have produced on the Capacity Market. For an overview of the issues we see with the Capacity Market read the opinion piece on Britain’s dinosaur capacity market will worsen energy ‘trilemma’. For a basic introduction into the how the capacity market came to be, the process by which it developed and the problems that arose, read the 2018 blog The Capacity Market – How did we get here? For a much more detailed overview of what a Capacity Market is, what the alternatives are, as well as the process by which it was developed and influenced in the UK read the working paper – The development of the Capacity Market for electricity in Great Britain. Some of key findings from this are summarised in the 2019 open access academic paper on regime resistance.
IGov 2nd Dec 2019 read more »