UK's Capacity Market Scheme Illegal
In November the European Court of Justice declared the UK’s Capacity Market Scheme illegal. It’s a pivotal decision with far-reaching consequences for providers and customers alike.
The UK’s Capacity Market has been suspended indefinitely, following the ECJ’s decision that the scheme does not follow EU State Aid rules. As a result, National Grid is not permitted to issue subsidies or to hold capacity auctions for power companies. Auctions that were planned for early 2019 have already been postponed with the T-1 auction now due to take place in Summer 2019, assuming state aid hurdles can be overcome.
This seismic shift in the energy landscape leaves companies and their customers with a lot of unanswered questions. Let’s tackle some of the biggest:
Fixed or flex: which energy contract is best when prices are volatile?
Most types of flexible contracts are out of reach for medium sized businesses. Trident’s Frameworks solution changes this.
Why are energy bills so high?
How much have energy prices risen? Here in the UK, wholesale gas prices also influence the price of electricity - as we’re still very dependent on natural gas right across our energy system. In fact,...
3 quick tips for making in-year energy cost savings
Tip 1: Cut your energy consumption Reducing consumption might be easier than you think, and an energy efficiency audit is your best first step. While you may already have dealt with easy-fix options...