Abstract—The United Kingdom Government recently published a package of measures which would support investment in low-carbon technologies in the years up to 2020.
It has also taken account of the highly uncertain investment conditions relating to the period beyond 2020, which threaten to undermine the 2014 Electricity Market Reform measures and deliver bad value. The CFD scheme under the Energy Act 2013 should provide a stable revenue level which should, in turn, reduce investment risks and financing costs, and so drive innovation and development of low-carbon technologies. The scheme can also cap the support costs for consumers when electricity prices are high. Concerns about the impact of CFD allocation policies on the solar industry can be addressed. This paper indicates that there is a clear benefit in committing to invest in low-carbon generation technologies to 2020, and beyond to the 2030s.
The Government should state clearly that it intends to support investments in low-carbon technologies through the 2020s.
Index Terms—Renewable obligation, energy solar power, CFD.
Francine Baker is with Wolfson College Oxford, Open University, UK, she is also with Oxford Brookes University, UK (e-mail: fbaker@brookes.ac.uk, f.m.baker@open.ac.uk).
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Cite:Francine Baker, "Have Technology Specific Measures for the UK Electricity Market Reform Gone Far Enough?," Journal of Clean Energy Technologies vol. 4, no. 2, pp. 136-139, 2016.
