BEIS adopts stricter rules on capacity market risk capital

Providers of new backup power capacity from 2017 must disclose tax exempt risk capital received and set it off against capacity market payments, says BEIS

BEIS is looking to ensure new capacity market bidders do not receive excessive state aid. Photograph: RWE GenerationSuccessful bidders in future capacity market auctions for back-up power capacity will be forced to return extra funding linked to other forms of state aid, BEIS has decided.

The measures, consulted on in detail by BEIS in September and largely unchanged, are intended to avoid overcompensation for provision of prospective new capacity that could lead to unfair advantage in bidding during auctions and waste of public money.

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