Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if she will take steps to reform the capacity market to ensure that new gas power plants have parity with interconnectors.
The technology-neutral Capacity Market (CM) provides all forms of capacity, including new and existing gas generation and interconnectors, with the right incentives to be on the system to deliver when needed.
All capacity in the CM is derated by technology type, to account for expected contributions to electricity security of supply during times of system stress. Derating factors for all technology types are determined annually and are set out in the Electricity System Operator’s Electricity Capacity Report and Secretary of State’s decision on CM auction parameters each year and are published online.