2014 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: 2014 (data is from Sept 2013)
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 key elements of the programme which will deliver this are: • The creation of a Contract for Difference Mechanism which incentivises low carbon technology and generation (renewables, nuclear and CCS) in a cost-effective way; • The creation of the Capacity Market Mechanism to ensure that the market has sufficient capacity to ensure security of supply in a cost-effective way and • Putting in place an institutional framework with sufficient credibility to administer the reforms efficiently and effectively.
DCA (RAG): Exempt FOI
DCA text: Data exempt under Section 43 and Section 35 of the Freedom of Information Act (2000)
Start date: 2010-12-10
End date: 2030-12-31
Schedule text: The programme has met a number of key milestones and we remain on track for delivery of EMR in 2014.
Baseline: £20.41m
Forecast: £20.41m
Variance: 0.00%
Variance text: Not applicable as no difference
Whole Life Cost: £66.15m
WLCost text: The WLC covers the cost of policy development, implementation and delivery of the Electricity Market Reform Programme.
Notes1: Data exempt under Section 43 and Section 35 of the Freedom of Information Act (2000)
Sourcefile: IPA_2014.csv

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