22NOV18: ECJ RULING RISKS UK ENERGY SUPPLIES

HMG has issued a Written Statement concerning the ECJ’s decision to remove state aid approval for the UK Capacity Market (the mechanism for commissioning energy supplies). While National Grid says “they do not believe the judgment will cause any risk to security of supply this winter”, HMG confirms “the judgment removes State aid approval for the Capacity Market, preventing the UK Government from holding any capacity auctions or making any capacity payments under existing agreements until re-approval”.

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