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UK Electricity Market Reform

Requirements of future electricity markets; capacity mechanisms; feed-in tariffs; energy storage; interconnectors; and the political risks.

The Electricity Market Review needs to facilitate the rapid move to deployment of new large-scale electricity generation to avoid supply shortfalls over the next ten years, and also to enable the transition to a low carbon energy system. It would be undesirable to have to introduce further large scale reform to achieve the latter. This briefing looks at the requirements of future electricity markets; capacity mechanisms; feed-in tariffs; energy storage and interconnectors; and the political risks.