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ARTICLE · 14 JULY 2011

Electricity Market Reform

Norton Rose Fulbright Australia
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Discussion of White Paper for secure, affordable and low-carbon electricity together with the UK Renewable Energy Roadmap.

AustraliaEnergy and Natural Resources
John Wood
John Wood
Tim Baines
Tim Baines
Simon Currie
Simon Currie
Kathryn Emmett
Kathryn Emmett
Andrew Hedges
Andrew Hedges
Author LinkedIn connections

Introduction

Following publication of the Electricity Market Reform (EMR) consultation, after months of consultation, analysis and lobbying, the Government has published its White Paper 'Planning our electric future: a White Paper for secure, affordable and low-carbon electricity' (the White Paper) together with the UK Renewable Energy Roadmap (Roadmap).

Our view

  1. The White Paper seems to have taken on board many of industry's concerns.
  2. The broad architecture of the EMR proposals has been respected and there are no real surprises.
  3. Uncertainties surrounding some key details including who will be the counterparty for contract for differences (CFD) and how the CFD strike price will be set still remain.

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