The Electricity Capacity Regulations 2014 require us to provide the Secretary of State with an annual report on the Electricity Market Reform Delivery Body’s performance of its functions in relation to the Capacity Market. We also cover the performance of the Delivery Body in relation to the Contracts for Difference regime.
This is the sixth of these annual reports, following the 2019/20 T-3, T-1 and T-4 Capacity Market Auctions for Delivery Years 2022/23, 2020/21 and 2023/24 respectively. The 2019/20 T-3 Auction replaced the 2018/19 T-4 Auction as a result of the Capacity Market suspension from November 2018 to October 2019. This report covers the period from 1 April 2019 to 31 March 2020.
We incentivise National Grid Electricity System Operator’s (NGESO’s) performance in its role as the Electricity Market Reform Delivery Body through financial and reputational measures. We set out in the report their performance against the relevant incentives stipulated within NGESO’s Electricity Transmission Licence Special Conditions 4L. This performance assessment is independent of NGESO’s performance assessment in its role as Great Britain’s System Operator.