Some clarity on UK’s EMR but questions remain

Recent announcements by the UK government regarding its Electricity Market Reform (EMR) have offered clarity for future UK energy policy but questions remain in key areas, say market participants.

After a delay of two months, market participants finally received the government’s banding review for renewable energy obligations in late July. Different levels of ‘bandings’ or subsidies have been set for the period 2013–17 (2014–17 for offshore wind). Within these published bandings, there have bee