12 January 2016
This primer briefing is the third and last in the series of briefings describing the principal mechanisms introduced as part of the UK Government's Electricity Market Reforms (EMR), namely:
- Contracts for Difference;
- Capacity Market Mechanism;
- Carbon Price Floor; and
- Emissions Performance Standard.
The EMR reforms have three key aims: to bolster the security of electricity supplies, encourage the decarbonisation of the power sector and keep energy affordable.
This briefing looks at the Carbon Price Floor and the Emissions Performance Standard.