UK hires EMR experts ahead of draft plan

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 Log in to read complete article.

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