Independent evaluation of the Electricity Market Reform Final Report to the Department of Energy and Climate Change

This document describes a comprehensive evaluation of the UK's Electricity Market Reform (EMR), focusing on the Capacity Market (CM) and Contracts for Difference (CfD) schemes. The EMR's primary goals are to secure electricity supply, encourage investment in low-carbon technologies, and minimize costs. The evaluation, conducted by various entities, employed detailed policy analysis, stakeholder research, and auction process reviews. Results show that while the CM and CfD have attracted investment and capacity, there are concerns about their long-term effectiveness, potential conflicts within the EMR, and alignment with decarbonization goals. Recommendations include stabilizing the CM framework, enhancing transparency, and ensuring regular policy interaction reviews. Specific issues such as the reliance on reciprocating engines and the impact of power station closures were noted. The evaluation concludes that despite the presence of effective policy instruments, their complexity warrants continuous monitoring and adjustment to meet the overarching objectives of the EMR. **This summary was written by an AI model and therefore should not be considered a definitive summary of the report. If you are aware of inaccuracies, please email evaluation.registry@cabinetoffice.gov.uk.**

Description

• Lead department: Closed organisation: Department of Energy & Climate Change
• Evaluation stage: A complete evaluation report
• Other departments: No other departments listed
• Evaluation types: Process evaluation
• Process methods: Focus groups or group interviews; Individual interviews; Surveys and polling
• Grant information: This intervention is not distributing funding via a grant
• Government Major Project information: This intervention is not a major project
• Policies: No policies provided

Event Dates

• Event Name: Publication of final results
• Event date: October 2015

Evaluation Costs

• Cost: Not provided

Evaluation sharing

• Link(s) to published report(s): Yes
• Links to evaluation plans: No link provided
• Links to published evaluations (DEBUGGING): No final report link found.
• Findings: Not provided
• Permission to share confirmed: Yes