The UK government has named the panel of experts that will oversee its crucial Electricity Market Reform (EMR) plans, as it prepares to give the first indication in July of the strike prices renewable generators can expect to enjoy.
The Department of Energy and Climate
Change (DECC) said the Technical Experts panel will provide independent
scrutiny of its EMR Delivery Plan.
EMR is designed to create a solid
base for the huge investment the UK needs to attract in a range of new generation
assets – not least a massive offshore wind programme.
The strike price will underpin
the renewables contracts-for-difference (CfD) mechanism, which is set to
replace the current Renewable Obligation Certificate (ROC) scheme after 2017.
Investors have been desperate for
some guidance on the issue, and the DECC today said the draft EMR Delivery Plan
in July will contain “decisions on the strike prices that renewable
technologies could attain”.
The Technical Experts Panel hired to
oversee the process will be chaired by Norma Wood, described by DECC as “a seasoned
international board director” who has “been intimately involved with
electricity trading arrangements since she led the Strategic Review of Trading
and Settlement Arrangements post privatisation”.
Its other members are: Andris
Bankovskis, a specialist in electricity generation, supply and regulation; Guy Doyle, chief economist for energy and carbon at Mott MacDonald; and David Newbery, a research fellow in the
Control and Power Research Group at Imperial College, London.