Capacity market suspension: Implications for the GB power market

CRA consultants Simon Ede, Ana Barillas and Knight Sukthaworn discuss the recent ruling by the General Court of the European Union to annull the European Commission decision’s state aid approval for the GB capacity market arrangements.  The Court made the decision primarily on the ground that the Commission had not properly assessed the impact of the market rules on demand-side response operators. The paper highlights the immediate effects of the ruling and the impact on current capacity holders and the outlook for GB power prices.
Download the full paper below.