2013 Report details for project: Electricity Market Reform Programme

Project name: Electricity Market Reform Programme - there are 3 reports for this project: 2013, 2014, 2015
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Organisation: DECC (D11) - see all reports for this organisation
Report year: 2013 (data is from Sept 2012)
Category: Transformation - see all reports for this category
Description: The aim of the programme is to undertake the necessary reform to the electricity market to ensure the UK can attract the investment in electricity generation needed to have a secure, affordable supply of electricity towards the end of this decade and in the longer-term and to meet its renewable and carbon emission reduction targets in the most cost-effective way. The outcome sought is an electricity market that can: attract around £70-75bn of investment in new electricity generation by 2020 and around a further £50bn to 2030; attract sufficient investment in development and retention of flexible capacity from the demand or the supply side to ensure sufficient capacity margins can be maintained; attract sufficient investment in low carbon generation to meet our climate change and renewable energy targets; and achieve these aims with minimum impact on consumer bills. For more information, see: https://www.gov.uk/government/policies/maintaining-uk-energy-security--2/supporting-pages/electricity-market-reform
DCA (RAG): Unknown
DCA text: TBC - Energy Bill progressing through Parliament
Start date: 2010-12-10
End date: 2030-12-31
Schedule text: Start date represents the publication of the EMR consultation. EMR mechanisms are expected to be in place for delivery body to operate and deliver by December 2014. Benefits expected to be realised by 2030.
Baseline: £10.20m
Forecast: £10.20m
Variance: 0.00%
Variance text: 12/13 budget represents costs of policy and regulatory development in the EMR team only, it does not include support staff from other DECC teams such as legal, HR, finance and the FID Enabling project. It does includes expert advisers and programme spend.
Whole Life Cost: £40.10m
WLCost text: Whole life cost figures represent the cost of managing the programme and setting up the institutional framework (see notes on 12/13 budget above). They do not include the public finance costs of EMR mechanisms, including the contracts for difference feed in tariff and the capacity mechanism, which will come under the Levy Control Framework (LCF) as Annually Managed Expenditure (AME).
Sourcefile: DECC_2013.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.