On Monday 8 January, Ofgem issued a consultation on its Ten-Year Review of the Capacity Market (CM) Rules. Specifically, the regulator is seeking input on the appropriateness of the CM’s intended objectives, which include the promotion of investment in capacity to ensure security of electricity supply and the facilitation of the efficient operation and administration of the CM.
DESNZ published its annual report to Parliament on Tuesday 19 December, setting out the progress made on the Contracts for Difference (CfD) and Capacity Markets scheme in 2023.
On Tuesday 19 December, DESNZ issued a consultation on several proposed changes to the Standard Terms and Conditions (STCs) and the Private Network (PN) Agreement for Allocation Round 6 (AR6) of the Contracts for Difference (CfD) scheme, which is scheduled to open in March 2024.
On Thursday 14 December, Ofgem published a consultation on draft amendments to impacted licences following the creation of the Future System Operator (FSO).
On Thursday 14 December, Ofgem published a consultation on its policy direction for the regulatory framework for the Future System Operator (FSO).
On Wednesday 13 December, Ofgem published a direction to issue and implement the Future System Operator (FSO) Transition Funding Governance Document, following the regulator’s 11 December 2023 decision on the updated version of the Governance Document, to reflect consultation responses.