On Monday 19 February, Regen and the Electricity Storage Network issued their response to Ofgem’s ten-year review of the Capacity Market (CM) rules consultation, setting out a series of recommendations. The first recommendation is that Ofgem encourages DESNZ to progress with the Review of Electricity Market Arrangements (REMA) process, publishing the second consultation as soon as possible to provide clarity on possible CM reforms. In its response, Regen also emphasises valuing flexibility within the CM as part of the REMA reforms, noting that future stress-events may become more dynamic than the existing four-hour window. It also recommends ensuring the CM reform is aligned with the development of Long Duration Energy Storage cap and floor scheme, to help drive operational behaviour that meets the system needs over longer duration stress events.
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